Helix Energy Solutions Group Inc (HLX)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,139,000K ÷ $—K
= —
The payables turnover ratio for Helix Energy Solutions Group Inc is not provided for the years ending on December 31, 2020, 2021, 2022, 2023, and 2024. The absence of this ratio makes it challenging to assess the company's efficiency in managing its accounts payable during those years. The payables turnover ratio is important as it helps in understanding how many times a company pays off its suppliers during a specific period. An increasing payables turnover ratio typically indicates that the company is paying its suppliers more frequently, which can sometimes suggest good liquidity management. Conversely, a decreasing ratio may imply potential cash flow issues or extended payment periods to suppliers. Without this ratio, it is difficult to draw conclusions regarding Helix Energy Solutions Group Inc's payables management efficiency during the specified years.
Peer comparison
Dec 31, 2024