Oceaneering International Inc (OII)

Return on total capital

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	181,328	176,055	165,001	138,652	110,863	56,114	25,008	24,977	39,799	52,851	-23,538	-51,539	-446,079	-700,729	-645,303	-649,756	-290,713	-133,687	-130,045	-140,047
Long-term debt	US$ in thousands	477,058	568,471	700,404	700,695	700,973	701,258	701,539	701,808	702,067	739,980	773,423	804,888	805,251	805,631	806,006	806,396	796,516	799,855	795,639	790,969
Total stockholders’ equity	US$ in thousands	628,020	566,272	545,419	520,243	519,741	471,235	470,665	495,992	504,961	543,034	556,669	542,282	552,094	553,356	619,346	630,596	1,069,350	1,297,020	1,352,970	1,385,440
Return on total capital		16.41%	15.51%	13.24%	11.36%	9.08%	4.79%	2.13%	2.09%	3.30%	4.12%	-1.77%	-3.83%	-32.86%	-51.56%	-45.27%	-45.22%	-15.58%	-6.38%	-6.05%	-6.43%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $181,328K ÷ ($477,058K + $628,020K)
= 16.41%

Oceaneering International, Inc.'s return on total capital has been showing a positive trend over the past eight quarters. In Q4 2023, the return on total capital reached 16.60%, marking a significant increase compared to the previous quarters. This improvement indicates that the company is effectively utilizing its capital to generate profits and create value for its shareholders. The steady increase in return on total capital reflects the company's improving financial performance and operational efficiency. Overall, Oceaneering International, Inc. appears to be effectively managing its capital resources to generate favorable returns for its investors.