Tidewater Inc (TDW)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	182,215	26,708	-95,016	-186,802	-86,604
Total assets	US$ in thousands	2,062,770	1,297,660	1,095,780	1,251,180	1,579,530
Operating ROA		8.83%	2.06%	-8.67%	-14.93%	-5.48%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $182,215K ÷ $2,062,770K
= 8.83%

Tidewater Inc's operating return on assets (operating ROA) has shown improvements in recent years based on the data provided. The operating ROA increased significantly from -14.93% in 2020 to 8.83% in 2023, indicating a positive trend in the company's operational efficiency and profitability. This improvement suggests that Tidewater Inc has been able to generate more operating income relative to its total assets, reflecting better utilization of its assets to generate profits.

Furthermore, the operating ROA was negative in 2020 and 2021, which could indicate operational inefficiencies or challenges during those periods. However, the subsequent recovery and positive trend in the operating ROA in the following years demonstrate a turnaround in the company's performance.

Overall, the increasing trend in Tidewater Inc's operating ROA over the years suggests that the company has been able to enhance its operational efficiency and profitability, which is a positive sign for stakeholders and investors. It indicates that Tidewater Inc is effectively managing its assets to generate operating income and create value for its shareholders.