Helix Energy Solutions Group Inc (HLX)

Days of inventory on hand (DOH)

		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	Jun 30, 2019	Mar 31, 2019
Inventory turnover		—	—	—	354.33	328.07	295.31	273.23	9.31	8.96	6.42	8.59	9.51	—	—	15.44	12.27	11.34	—	—	—
DOH	days	—	—	—	1.03	1.11	1.24	1.34	39.19	40.75	56.86	42.47	38.39	—	—	23.65	29.75	32.17	—	—	—

December 31, 2023 calculation

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

As the data for days of inventory on hand (DOH) for Helix Energy Solutions Group Inc is not provided in the table above, it is not possible to conduct a detailed analysis of this particular financial ratio based on the given information.

Days of inventory on hand is a measure of how many days a company takes to sell its average inventory. A lower DOH indicates efficient inventory management, while a higher DOH suggests potential issues such as holding excess inventory or slow-moving inventory.

For a comprehensive analysis of Helix Energy Solutions Group Inc's DOH, specific data for each quarter would be required to track trends and fluctuations over time.

To improve the understanding of the company's inventory management efficiency, it would be beneficial to evaluate the DOH in comparison to industry benchmarks, historical data, and the company's own performance metrics.

Without the specific DOH data for Helix Energy Solutions Group Inc, it is not possible to provide an in-depth analysis or insights into the company's inventory management practices at this time.