Helix Energy Solutions Group Inc (HLX)

Days of inventory on hand (DOH)

		Dec 31, 2024	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
Inventory turnover		—	33.68	—	—	—	—	—	354.33	328.07	295.31	273.23	9.31	8.96	6.42	8.59	9.51	—	—	15.44	12.27
DOH	days	—	10.84	—	—	—	—	—	1.03	1.11	1.24	1.34	39.19	40.75	56.86	42.47	38.39	—	—	23.65	29.75

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the provided data, the days of inventory on hand (DOH) for Helix Energy Solutions Group Inc have varied over the past few years.

As of June 30, 2020, the company had 23.65 days of inventory on hand, indicating that it took approximately 23.65 days for the company to sell its inventory. This suggests efficient inventory management.

However, there was a significant increase in DOH to 56.86 days as of September 30, 2021. A higher DOH may suggest potential issues such as overstocking or slowing sales, which could tie up capital in unsold inventory.

Subsequently, the DOH decreased to 1.11 days as of December 31, 2022. A very low DOH could indicate either fast-moving inventory or potential inventory shortages that may impact sales.

By June 30, 2024, the DOH had increased to 10.84 days. This increase could be a result of changes in sales patterns, procurement practices, or inventory management strategies.

Overall, fluctuations in the DOH of Helix Energy Solutions Group Inc suggest varying levels of efficiency in managing inventory and may reflect changing market conditions or internal operational adjustments. Monitoring this metric over time can provide insights into the company's inventory management practices and potential impacts on its financial performance.