Helix Energy Solutions Group Inc (HLX)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 1,358,560 1,338,584 1,391,835 1,335,855 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
Property, plant and equipment US$ in thousands — — — — — 1,756,520 1,608,990 1,626,150 1,839,460 1,817,190 1,539,170 1,610,050 1,761,840 1,804,070 1,860,660 1,759,090 1,782,960 1,776,010 1,779,420 1,809,920
Fixed asset turnover — — — — — 0.71 0.70 0.60 0.47 0.41 0.43 0.41 0.38 0.37 0.36 0.41 0.41 0.42 0.43 0.42

December 31, 2024 calculation

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

The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate sales.

Based on the data provided for Helix Energy Solutions Group Inc, we observe fluctuations in the fixed asset turnover ratio over the periods mentioned. The ratio ranged from 0.36 to 0.71 during the period from March 31, 2021, to September 30, 2023, showing some variability in the efficiency of the company's fixed asset utilization.

In the earlier periods, the fixed asset turnover hovered around 0.4, indicating that Helix Energy was generating approximately 40 cents of revenue for every dollar invested in fixed assets. However, there was a noticeable improvement in the efficiency of fixed asset utilization from March 31, 2023, onwards, with the ratio increasing to 0.60 and reaching 0.71 by September 30, 2023.

The substantial increase in the fixed asset turnover ratio suggests that Helix Energy Solutions Group Inc was able to generate more revenue per dollar of fixed assets invested, indicating improved efficiency and potentially better operational performance.

It is important to note that the ratio was not available for the periods from December 31, 2023, to December 31, 2024. This could be due to various reasons such as changes in the financial reporting structure or other data availability issues.

In conclusion, the analysis of the fixed asset turnover ratio for Helix Energy Solutions Group Inc highlights fluctuations in asset efficiency over time, with a notable improvement in recent periods, signaling potential operational enhancements and effective utilization of fixed assets.