Tidewater Inc (TDW)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 311,348 | 174,604 | 26,708 | -95,016 | -186,802 |
| Total assets | US$ in thousands | 2,074,900 | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 |
| Operating ROA | 15.01% | 8.46% | 2.06% | -8.67% | -14.93% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $311,348K ÷ $2,074,900K
= 15.01%
The operating return on assets (operating ROA) for Tidewater Inc has shown a significant improvement over the past few years. From a negative figure of -14.93% as of December 31, 2020, the operating ROA has gradually increased to -8.67% as of December 31, 2021, then turned positive at 2.06% as of December 31, 2022, and further improved to 8.46% as of December 31, 2023.
The most recent data point, as of December 31, 2024, indicates a notable increase in operating ROA to 15.01%, reflecting a positive trend in the company's ability to generate operating income relative to its total assets.
This positive trend in the operating ROA indicates that Tidewater Inc has been able to enhance its operational efficiency and profitability, utilizing its assets more effectively to generate operating income. It suggests that the company's management may have implemented strategies to improve operational performance and maximize asset utilization, leading to a stronger financial position.
Peer comparison
Dec 31, 2024