Helix Energy Solutions Group Inc (HLX)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,089,370	822,484	659,335	653,646	614,071
Inventory	US$ in thousands	—	2,507	73,612	0	54,130
Inventory turnover		—	328.07	8.96	—	11.34

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,089,370K ÷ $—K
= —

To calculate Helix Energy Solutions Group Inc's inventory turnover for each year, we need information on the cost of goods sold (COGS) and the average inventory levels for that year.

The inventory turnover ratio is calculated as:

\[
\text{Inventory Turnover} = \frac{\text{Cost of Goods Sold}}{\text{Average Inventory}}
\]

Since the data for the cost of goods sold and inventory levels is not provided in the table, it's not possible to compute the inventory turnover ratio for Helix Energy Solutions Group Inc for the years indicated. In order to analyze inventory turnover effectively, we would need access to additional financial information from the company's income statement and balance sheet.

The inventory turnover ratio is a key metric used to assess how efficiently a company manages its inventory. A high inventory turnover ratio suggests that the company is selling its inventory quickly, which can indicate strong sales and effective inventory management. Conversely, a low inventory turnover ratio may suggest slow sales, excess inventory, or obsolete inventory.

To gain a thorough understanding of Helix Energy Solutions Group Inc's inventory turnover and its implications for the company's operations and financial performance, additional data beyond what is provided in the table would be required.