Helix Energy Solutions Group Inc (HLX)

Days of sales outstanding (DSO)

		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
Receivables turnover		4.60	4.03	4.38	4.46	4.10	2.92	3.61	3.86	3.90	4.04	4.43	4.41	4.53	3.98	3.93	4.67	9.94	7.06	6.98	5.80
DSO	days	79.36	90.49	83.26	81.79	88.95	124.95	101.08	94.53	93.55	90.37	82.32	82.78	80.61	91.70	92.97	78.18	36.72	51.68	52.28	62.97

December 31, 2023 calculation

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

To analyze Helix Energy Solutions Group Inc's days of sales outstanding (DSO) trend, we can observe a fluctuating pattern over the past eight quarters. The DSO for Q4 2023 decreased to 79.36 days from 90.49 days in Q3 2023, indicating a positive trend in collection efficiency. However, it is important to note that compared to the same period in the previous year (Q4 2022), the DSO has improved.

In general, a lower DSO is preferred as it suggests that the company is collecting revenue more quickly or efficiently. Analyzing the historical trend can provide insights into the effectiveness of the company's accounts receivable management. It would be advisable to further investigate the factors contributing to the fluctuations in DSO to identify any underlying issues or improvements in the company's collection processes.

Overall, the decreasing trend in DSO from Q3 2023 to Q4 2023 is a positive indicator, but a more detailed analysis of the company's collections procedures and customer payment behaviors would be beneficial to gain a comprehensive understanding of its financial performance.