Helix Energy Solutions Group Inc (HLX)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 328.07 | 8.96 | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 3.35 | 5.18 | 5.37 | 2.69 | 2.98 |
Helix Energy Solutions Group Inc's activity ratios indicate varying levels of efficiency in managing its assets and liabilities over the years.
1. Inventory Turnover: The company's inventory turnover shows a significant improvement from 2021 to 2022 and 2023 to 2024, suggesting that the company is selling its inventory at a faster rate in those years. However, there is missing data for 2020 and 2023.
2. Receivables Turnover: Data is not available for receivables turnover for any year, which makes it challenging to assess the company's ability to collect receivables efficiently.
3. Payables Turnover: There is no data available for payables turnover for any year, making it difficult to evaluate how effectively the company is managing its payables.
4. Working Capital Turnover: The working capital turnover ratio indicates the company's ability to generate revenue per dollar of working capital. The ratios fluctuate over the years, with 2022 showing the highest turnover, indicating a more efficient utilization of working capital to generate sales.
In conclusion, while the efficiency of managing inventory and working capital seems to have improved for Helix Energy Solutions Group Inc over the years, the lack of data for receivables and payables turnover hinders a comprehensive analysis of the company's overall activity ratios.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 1.11 | 40.75 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the data provided for Helix Energy Solutions Group Inc, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- December 31, 2020: Not available
- December 31, 2021: 40.75 days
- December 31, 2022: 1.11 days
- December 31, 2023: Not available
- December 31, 2024: Not available
The DOH ratio indicates the average number of days it takes for the company to sell its inventory. A decreasing trend in DOH from 2021 to 2022 suggests that the company is managing its inventory more efficiently, turning over inventory at a faster rate.
2. Days of Sales Outstanding (DSO):
- December 31, 2020: Not available
- December 31, 2021: Not available
- December 31, 2022: Not available
- December 31, 2023: Not available
- December 31, 2024: Not available
The DSO ratio reflects the average number of days it takes for the company to collect its accounts receivable. The absence of data for DSO indicates a lack of information to assess the efficiency of the company in collecting its receivables.
3. Number of Days of Payables:
- December 31, 2020: Not available
- December 31, 2021: Not available
- December 31, 2022: Not available
- December 31, 2023: Not available
- December 31, 2024: Not available
The number of days of payables ratio indicates the average number of days it takes for the company to pay its suppliers. However, the absence of data for payables days restricts the ability to evaluate the company's payment practices and liquidity management.
In conclusion, based on the provided data, it can be inferred that Helix Energy Solutions Group Inc has shown improvements in inventory management efficiency, as evidenced by a significant decrease in Days of Inventory on Hand from 2021 to 2022. However, the lack of information on Days of Sales Outstanding and Number of Days of Payables limits a comprehensive assessment of the company's overall activity ratios.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 0.47 | 0.38 | 0.41 |
| Total asset turnover | 0.52 | 0.50 | 0.37 | 0.29 | 0.29 |
The fixed asset turnover ratio for Helix Energy Solutions Group Inc has shown a slight decline from 0.41 in 2020 to 0.38 in 2021, followed by an improvement to 0.47 in 2022. However, there is no data available for 2023 and 2024. This ratio indicates that the company generates $0.47 in sales for every dollar invested in fixed assets in 2022.
In comparison, the total asset turnover ratio has remained relatively stable at 0.29 in both 2020 and 2021, then increased significantly to 0.37 in 2022, and further rose to 0.50 in 2023, indicating an efficient utilization of assets to generate sales. The ratio for 2024 is 0.52, demonstrating a continued improvement in effectively generating revenue from total assets.
Overall, the trend in these ratios suggests that Helix Energy Solutions Group Inc is becoming more efficient in utilizing both fixed and total assets to generate sales, with a notable improvement in total asset turnover from 2021 onwards, indicating a positive outlook for the company's long-term operational efficiency and performance.