Helix Energy Solutions Group Inc (HLX)

Inventory 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
Cost of revenue (ttm) US$ in thousands 1,138,996 1,128,601 1,166,972 1,131,129 1,089,372 1,059,945 978,152 888,650 822,484 740,049 684,433 679,278 659,335 631,520 612,666 623,426 653,646 651,617 650,290 642,513
Inventory US$ in thousands — 33,511 — 0 — — 0 2,508 2,507 2,506 2,505 72,934 73,612 98,375 71,282 65,579 0 — 42,127 52,374
Inventory turnover — 33.68 — — — — — 354.33 328.07 295.31 273.23 9.31 8.96 6.42 8.59 9.51 — — 15.44 12.27

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,138,996K ÷ $—K
= —

Inventory turnover is a key financial ratio that reflects how efficiently a company manages its inventory. The ratio measures the number of times inventory is sold or replaced over a specific period. A higher inventory turnover ratio is generally preferred as it indicates that the company is selling its inventory quickly and minimizing carrying costs.

Analyzing the inventory turnover of Helix Energy Solutions Group Inc over the provided timeline, we can observe fluctuations in the ratio. From March 31, 2020, to June 30, 2020, the inventory turnover improved significantly from 12.27 to 15.44, suggesting better inventory management efficiency during this period.

However, the ratio declined in the subsequent quarters, reaching a low of 6.42 on September 30, 2021. This downturn may signal potential inefficiencies in inventory turnover and management processes at that time.

The inventory turnover ratio showed some recovery in the following periods, with values ranging between 6.42 and 9.31. Notably, there were substantial spikes in the ratio in June 30, 2022, reaching 273.23, and September 30, 2022, increasing to 295.31. These exceptionally high values may point towards anomalies or irregularities in the inventory data that should be investigated further.

Subsequently, the ratios decreased to more reasonable levels in the range of 33.68 to 9.31 in the latter periods. Overall, the fluctuations in Helix Energy Solutions Group Inc's inventory turnover ratio over the timeline suggest variability in inventory management practices and potential challenges in maintaining consistent efficiency in handling inventory levels. Further analysis and exploration of the underlying factors impacting inventory turnover would provide deeper insights into the company's operational performance.