Tidewater Inc (TDW)

Return on assets (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
Net income (ttm)	US$ in thousands	181,415	161,243	133,473	97,185	70,141	49,322	1,157	-21,749	-70,303	-101,941	-105,822	-128,969	-120,282	-131,951	-213,112	-196,242	-226,848	-233,121	-138,457	-141,743
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
ROA		8.86%	7.72%	6.42%	4.71%	3.39%	3.67%	0.09%	-1.68%	-5.48%	-7.95%	-10.04%	-11.77%	-10.71%	-11.46%	-17.92%	-15.68%	-16.79%	-16.47%	-8.91%	-8.97%

September 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $181,415K ÷ $2,047,130K
= 8.86%

The Return on Assets (ROA) for Tidewater Inc has shown a fluctuating trend over the provided periods. From December 2019 to September 2020, the ROA remained negative, indicating the company's assets were not generating sufficient returns during that period. However, starting from March 2020, there was a gradual improvement in ROA, moving from negative figures to positive territory.

The ROA increased steadily from March 2020 to September 2024, reaching its highest point of 8.86% in September 2024. This indicates that Tidewater Inc has been able to generate a higher return relative to its assets in recent periods, reflecting a more efficient utilization of the company's resources to generate profits.

Overall, the upward trend in ROA suggests an improvement in Tidewater Inc's profitability and efficiency in utilizing its assets to generate earnings for its stakeholders. It is crucial for the company to maintain or improve its ROA in the future to ensure sustainable financial performance.