Helix Energy Solutions Group Inc (HLX)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	1,358,560	1,289,730	873,100	674,728	733,555
Property, plant and equipment	US$ in thousands	—	—	1,839,460	1,761,840	1,782,960
Fixed asset turnover		—	—	0.47	0.38	0.41

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,358,560K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. Looking at the trend for Helix Energy Solutions Group Inc over the years, we can observe a fluctuating pattern in the fixed asset turnover ratio.

In 2020, the fixed asset turnover ratio was 0.41, indicating that for every dollar of fixed assets, the company generated $0.41 in revenue. This suggests that the company may not have been effectively utilizing its fixed assets to generate sales.

The ratio decreased slightly to 0.38 in 2021, which could imply a potential decrease in revenue generated from its fixed assets or an increase in the value of fixed assets.

However, there was an improvement in 2022, with the fixed asset turnover ratio increasing to 0.47, indicating that the company was able to generate more revenue from its fixed assets during that period.

Unfortunately, there is no data available for 2023 and 2024. The absence of data for these years makes it challenging to assess the trend accurately.

In conclusion, the fluctuating trend in the fixed asset turnover ratio of Helix Energy Solutions Group Inc suggests varying efficiency in utilizing its fixed assets to generate revenue over the years. It is essential for the company to maintain or improve this ratio to ensure optimal asset utilization and sustainable revenue generation in the future.