Tidewater Inc (TDW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 180,656 | 97,185 | -21,749 | -128,969 | -196,242 |
| Total assets | US$ in thousands | 2,074,900 | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 |
| ROA | 8.71% | 4.71% | -1.68% | -11.77% | -15.68% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $180,656K ÷ $2,074,900K
= 8.71%
Based on the ROA data provided for Tidewater Inc, there has been a notable improvement in the company's return on assets over the years. The ROA was negative in December 31, 2020 and December 31, 2021, indicating that the company's assets were not generating sufficient profits during those periods.
However, there was a significant turnaround in December 31, 2022, with the ROA improving to -1.68%, indicating that the company's assets started to generate a positive return. This positive trend continued in December 31, 2023, with the ROA further increasing to 4.71%, suggesting an even more efficient utilization of assets to generate profits.
The most recent data point, December 31, 2024, shows a considerable improvement in ROA to 8.71%, indicating that Tidewater Inc has been able to significantly enhance its profitability in relation to its assets. This positive trend in ROA over the years reflects potential improvements in operational efficiency and profitability for the company.
Overall, Tidewater Inc has shown a positive progression in its return on assets, signaling better asset utilization and profitability, which are essential factors for assessing the company's financial performance and efficiency.
Peer comparison
Dec 31, 2024