Tidewater Inc (TDW)

Operating return on assets (Operating ROA)

		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	Sep 30, 2019
Operating income (ttm)	US$ in thousands	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	-106,642
Total assets	US$ in thousands	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	1,754,020
Operating ROA		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%	-6.08%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $278,794K ÷ $2,089,750K
= 13.34%

Tidewater Inc's operating return on assets (operating ROA) has displayed volatility over the past few quarters. The trend shows an improvement in performance from negative figures in the later part of 2022 to positive figures in 2023 and 2024. Specifically, the operating ROA increased from -8.42% in March 2021 to 13.34% in June 2024, indicating a significant turnaround in the company's operational efficiency and profitability.

The positive operating ROA in recent quarters suggests that Tidewater Inc has been able to generate higher operating profits relative to its assets. This signifies effective management of the company's resources and operations to drive profitability.

However, it is essential to monitor future trends in Tidewater Inc's operating ROA to assess the sustainability of this positive performance and ensure continued financial health and efficiency of the company.