Helix Energy Solutions Group Inc (HLX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.10 | 6.08 | 7.50 | 13.07 | 8.89 | |
| Number of days of payables | days | 45.08 | 60.03 | 48.69 | 27.93 | 41.05 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.10
= 45.08
Helix Energy Solutions Group Inc's number of days of payables has fluctuated over the past five years, with a decreasing trend from 2019 to 2020, followed by an increasing trend from 2020 to 2022, and a slight decrease in 2023.
The number of days of payables indicates the average number of days it takes for the company to pay its suppliers or vendors. A higher number of days of payables suggests that the company is taking longer to settle its payables, potentially indicating liquidity or cash flow issues. Conversely, a lower number of days of payables may indicate efficient management of payables and strong cash flow.
In 2023, Helix Energy Solutions Group Inc's number of days of payables was 45.08 days, which indicates that the company takes approximately 45 days to pay its suppliers. This is an improvement from the previous year's figure of 60.03 days in 2022. However, compared to 2021 and 2019, the number of days of payables in 2023 is higher, suggesting a potential slowdown in the payment cycle.
Overall, it is important for the company to closely monitor its number of days of payables to ensure efficient cash flow management and maintain good relationships with suppliers.
Peer comparison
Dec 31, 2023