Helix Energy Solutions Group Inc (HLX)
Number of days of payables
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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Payables turnover | 8.10 | 7.45 | 6.70 | 6.61 | 6.08 | 5.61 | 6.86 | 6.96 | 7.50 | 8.40 | 8.74 | 11.30 | 13.07 | 9.83 | 9.11 | 7.11 | 8.89 | 7.77 | 8.07 | 9.67 | |
Number of days of payables | days | 45.08 | 48.97 | 54.46 | 55.19 | 60.03 | 65.05 | 53.18 | 52.41 | 48.69 | 43.44 | 41.77 | 32.29 | 27.93 | 37.15 | 40.08 | 51.37 | 41.05 | 47.00 | 45.24 | 37.75 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.10
= 45.08
The number of days of payables for Helix Energy Solutions Group Inc has shown a declining trend over the past eight quarters. In Q4 2023, the company had 45.08 days of payables, which decreased from 48.97 days in Q3 2023 and continued the downward trend from previous quarters. This reduction in the number of days of payables indicates that the company is taking less time to pay its suppliers and vendors, which may reflect improved financial management or negotiation of more favorable payment terms. Overall, this trend suggests that Helix Energy Solutions Group Inc has been effectively managing its payables and working capital efficiency in recent quarters.
Peer comparison
Dec 31, 2023