Tidewater Inc (TDW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 97,185 | -21,749 | -128,969 | -196,242 | -141,743 |
| Total assets | US$ in thousands | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 | 1,579,530 |
| ROA | 4.71% | -1.68% | -11.77% | -15.68% | -8.97% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $97,185K ÷ $2,062,770K
= 4.71%
Tidewater Inc's return on assets (ROA) has displayed a varying trend over the past five years. In 2023, the ROA stood at 4.71%, indicating an improvement from the negative ROA figures reported in the preceding years. The positive ROA suggests that the company generated a profit relative to its total assets in 2023.
In contrast, the ROA was negative in 2022, 2021, 2020, and 2019, with the lowest being -15.68% in 2020. These negative ROA figures indicate that the company experienced losses in those years in relation to its total assets.
It is essential for stakeholders to closely monitor Tidewater Inc's ROA to assess the company's profitability and efficiency in generating earnings from its assets. The positive ROA in 2023 could signal some improvement in the company's financial performance, but continued analysis and scrutiny are necessary to understand the underlying factors driving these fluctuations in ROA.
Peer comparison
Dec 31, 2023