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
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.