Helix Energy Solutions Group Inc (HLX)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,139,000	1,089,370	822,484	659,335	653,646
Inventory	US$ in thousands	—	—	2,507	73,612	0
Inventory turnover		—	—	328.07	8.96	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,139,000K ÷ $—K
= —

Helix Energy Solutions Group Inc's inventory turnover has shown significant fluctuations over the years. In 2021, the inventory turnover stood at 8.96 times, indicating that the company sold and replaced its inventory almost 9 times during the year. This suggests efficient management of inventory levels.

However, in 2022, the inventory turnover ratio spiked to an exceptionally high 328.07 times. Such a high ratio may indicate either excessive stocking of inventory or a sharp increase in sales relative to inventory levels. Further analysis would be needed to understand the reason behind this significant change.

It is noteworthy that the inventory turnover figures for 2020, 2023, and 2024 are not available. This lack of data might hinder a comprehensive assessment of the company's inventory management performance in those years.

Overall, the significant fluctuations in Helix Energy Solutions Group Inc's inventory turnover ratios suggest varying levels of efficiency in managing and selling inventory over the years, warranting a closer examination of the company's inventory management practices.