Helix Energy Solutions Group Inc (HLX)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	1,289,728	1,242,387	1,119,264	973,059	873,100	753,940	662,109	661,438	674,728	665,969	678,743	715,949	733,555	744,407	763,526	766,107	751,909	739,516	739,482	742,379
Property, plant and equipment	US$ in thousands	1,572,850	1,574,910	1,608,990	1,626,150	1,641,620	1,607,840	1,539,170	1,610,050	1,657,640	1,686,670	1,735,180	1,759,090	1,782,960	1,776,010	1,779,420	1,809,920	1,872,640	1,797,790	1,804,360	1,818,070
Fixed asset turnover		0.82	0.79	0.70	0.60	0.53	0.47	0.43	0.41	0.41	0.39	0.39	0.41	0.41	0.42	0.43	0.42	0.40	0.41	0.41	0.41

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,289,728K ÷ $1,572,850K
= 0.82

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.

Based on the data provided for Helix Energy Solutions Group Inc, the fixed asset turnover ratio has been gradually increasing over the past eight quarters. This trend suggests that the company has been able to generate more revenue relative to its fixed assets over time.

In Q4 2023, the fixed asset turnover ratio reached 0.82, showing that for every dollar invested in fixed assets, the company generated $0.82 in revenue. This indicates an improvement in efficiency compared to the previous quarters.

Overall, the increasing trend in fixed asset turnover for Helix Energy Solutions Group Inc is a positive sign of the company's ability to optimize the use of its fixed assets to generate sales. It suggests that the company is effectively managing its assets and maximizing their contribution to revenue generation.