Helix Energy Solutions Group Inc (HLX)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		4.60	4.10	3.90	4.53	9.94
DSO	days	79.36	88.95	93.55	80.61	36.72

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 4.60
= 79.36

The Days Sales Outstanding (DSO) ratio for Helix Energy Solutions Group Inc has shown fluctuations over the past five years. The DSO indicates the average number of days a company takes to collect revenue after a sale is made. A lower DSO is generally considered favorable as it implies faster collection of accounts receivable.

In 2019, the DSO was at its lowest at 60.90 days, suggesting efficient management of accounts receivable and prompt collection of revenue. However, in the following years, the DSO increased, reaching its peak at 94.16 days in 2021, indicating a potential slowdown in collecting revenue from customers.

In 2022 and 2023, there was a slight improvement as the DSO decreased to 88.95 days and 79.36 days respectively. Despite the improvement, the DSO remains higher compared to 2019, indicating that Helix Energy Solutions Group Inc may still be facing challenges in efficiently collecting its accounts receivable.

Overall, the trend in DSO for Helix Energy Solutions Group Inc suggests a need for the company to further focus on optimizing its accounts receivable management to enhance cash flow and financial performance.