Tidewater Inc (TDW)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 293,066 | 278,794 | 239,614 | 182,215 | 132,238 | 95,624 | 58,517 | 26,708 | -13,402 | -54,026 | -76,025 | -95,016 | -93,372 | -96,984 | -194,570 | -186,802 | -211,493 | -208,868 | -95,517 | -86,604 |
| Total assets | US$ in thousands | 2,047,130 | 2,089,750 | 2,077,820 | 2,062,770 | 2,071,560 | 1,344,160 | 1,327,150 | 1,297,660 | 1,283,060 | 1,282,740 | 1,054,130 | 1,095,780 | 1,123,070 | 1,151,730 | 1,188,930 | 1,251,180 | 1,350,770 | 1,415,680 | 1,553,120 | 1,579,530 |
| Operating ROA | 14.32% | 13.34% | 11.53% | 8.83% | 6.38% | 7.11% | 4.41% | 2.06% | -1.04% | -4.21% | -7.21% | -8.67% | -8.31% | -8.42% | -16.37% | -14.93% | -15.66% | -14.75% | -6.15% | -5.48% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $293,066K ÷ $2,047,130K
= 14.32%
Operating return on assets (operating ROA) for Tidewater Inc has shown a positive trend over the past several quarters. The company's operating ROA has steadily increased from 6.38% in September 2023 to 14.32% in September 2024, indicating improved operational efficiency in utilizing its assets to generate operating income.
Tidewater Inc's operating ROA has consistently outperformed the previous year's levels, with a notable improvement of 20.70 percentage points from September 2023 to September 2024. This steady improvement suggests that the company has been able to enhance its operational performance and profitability over time.
The company's operating ROA turned negative in the last three quarters of 2021 and the first quarter of 2022, reaching a low of -16.37% in March 2021. However, Tidewater Inc managed to reverse this trend and has since shown a strong recovery in operating ROA, reaching positive levels thereafter.
Overall, Tidewater Inc's improving operating ROA indicates a positive outlook for the company's operational efficiency and profitability, reflecting effective management of its assets to generate operating income.
Peer comparison
Sep 30, 2024