Tidewater Inc (TDW)

Return on assets (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
Net income (ttm)	US$ in thousands	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	-172,399
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
ROA		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%	-9.83%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $161,243K ÷ $2,089,750K
= 7.72%

The return on assets (ROA) of Tidewater Inc has shown a fluctuating trend over the past few quarters. It increased steadily from -17.92% in March 2021 to 7.72% in June 2024, reaching its highest point in the available data. This improvement indicates that the company has been able to generate more profit relative to its total assets.

The ROA demonstrates the efficiency of Tidewater Inc in using its assets to generate profit. The positive trend in ROA suggests that the management has been successful in improving the company's profitability. However, the negative ROA values in some prior quarters indicate potential inefficiencies in asset utilization and profitability.

Overall, a rising ROA indicates improved operational efficiency and effective management of assets by Tidewater Inc, which could be viewed positively by investors and stakeholders. The company should continue its efforts to maintain or further enhance its ROA to ensure sustainable profitability and value creation.