Helix Energy Solutions Group Inc (HLX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 328.07 | 8.96 | — | |
| DOH | days | — | — | 1.11 | 40.75 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Helix Energy Solutions Group Inc have varied significantly over the years. In 2020, the DOH information was not available. However, in 2021, the company had an average of 40.75 days of inventory on hand, which may indicate that the company was holding a relatively high level of inventory compared to its sales volume.
Subsequently, there was a substantial improvement in inventory management in 2022, with the DOH decreasing significantly to 1.11 days. This significant reduction suggests that the company was more efficient in managing its inventory, possibly through better demand forecasting or inventory control processes.
In 2023 and 2024, the data for DOH is not available, so it is unclear how the company's inventory management evolved in those years. Overall, the trend from 2021 to 2022 shows an improvement in inventory efficiency for Helix Energy Solutions Group Inc, which could positively impact the company's working capital management and profitability.
Peer comparison
Dec 31, 2024