Tidewater Inc (TDW)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,039,240	865,968	701,303	822,115	1,014,800
ROE		9.35%	-2.51%	-18.39%	-23.87%	-13.97%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $97,185K ÷ $1,039,240K
= 9.35%

Tidewater Inc's return on equity (ROE) has shown fluctuating trends over the past five years. In 2023, the company's ROE improved to 9.35%, indicating a better utilization of shareholders' equity to generate profits compared to the previous year's negative ROE of -2.51%. This significant turnaround is a positive sign of improved efficiency and profitability.

The ROE for 2023 is also a substantial improvement from the ROE figures of -18.39% in 2021, -23.87% in 2020, and -13.97% in 2019. These negative ROE values over the previous years may suggest that the company faced challenges in generating profits relative to the level of shareholder investment during those periods.

Overall, the upward trend in ROE from negative figures in prior years to positive territory in 2023 indicates that Tidewater Inc has made efforts to enhance its profitability and efficiency in utilizing shareholder equity. However, further monitoring and analysis of the company's financial performance will be necessary to assess the sustainability of this positive trend.