Helix Energy Solutions Group Inc (HLX)

Short-term

Turnover ratios

Helix Energy Solutions Group Inc's inventory turnover ratio has shown significant fluctuations over the periods provided, ranging from a low of 6.42 to a high of 328.07. This indicates that the company's efficiency in managing its inventory has varied widely and may be a point of focus for improvement.

The receivables turnover ratio was not available for any of the periods provided, making it difficult to assess the company's effectiveness in collecting its receivables within a specific time frame. This lack of data limits the insight into the company's accounts receivable management.

Similarly, the payables turnover ratio was not reported for any of the periods, hindering the analysis of how quickly Helix Energy Solutions Group Inc pays off its suppliers.

The working capital turnover ratio demonstrates the efficiency with which the company generates revenue relative to its working capital. The ratio fluctuated throughout the periods, indicating changes in the company's ability to generate sales using its working capital efficiently. The ratio ranged from a low of 2.62 to a high of 8.66, showing varying levels of efficiency in utilizing working capital to generate revenue.

In conclusion, while the inventory turnover and working capital turnover ratios provide insights into Helix Energy Solutions Group Inc's operational efficiency and revenue generation relative to working capital, the lack of data for receivables and payables turnover ratios limits a comprehensive analysis of the company's overall efficiency in managing its working capital and cash flows.

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Average number of days

The activity ratios for Helix Energy Solutions Group Inc provide insight into how efficiently the company manages its inventory and accounts receivable, and how quickly it pays its suppliers.

1. Days of Inventory on Hand (DOH):
- The DOH ratio measures the average number of days it takes for a company to sell its inventory.
- Helix Energy Solutions Group Inc's DOH has shown fluctuating trends over the years, ranging from as low as 1.03 days to as high as 56.86 days.
- A lower DOH indicates efficient inventory management, whereas a higher DOH may suggest slow-moving or excess inventory.

2. Days of Sales Outstanding (DSO):
- The DSO ratio reflects how long it takes for a company to collect payment from its customers.
- For Helix Energy Solutions Group Inc, the DSO data provided is marked as '— days', suggesting that specific information regarding this ratio is not available.
- This may be due to the nature of the industry or the company's payment terms with customers.

3. Number of Days of Payables:
- The number of days of payables indicates the average number of days it takes for a company to pay its suppliers.
- Similar to DSO, the data for the number of days of payables for Helix Energy Solutions Group Inc is indicated as '— days', which means the specific information related to this ratio is not disclosed.
- Understanding the payables period is essential as it impacts the company's working capital management and relationship with suppliers.

In conclusion, while the provided information gives an overview of Helix Energy Solutions Group Inc's inventory turnover pattern, the lack of data on DSO and payables hinder a comprehensive analysis of the company's overall activity ratios. It would be beneficial to have additional details to assess the effectiveness of the company's working capital management and operational efficiency.

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Long-term

Based on the data provided, we can analyze the long-term activity ratios of Helix Energy Solutions Group Inc as follows:

1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently the company generates revenue from its fixed assets.
- The ratio shows a fluctuating trend over the years, ranging from 0.36 to 0.71.
- A lower ratio indicates that the company is not efficiently utilizing its fixed assets to generate sales, while a higher ratio suggests better asset utilization.
- There has been an increase in the fixed asset turnover ratio from March 31, 2023, onwards, reaching its peak at 0.71 on September 30, 2023, before the data becomes unavailable.

2. Total Asset Turnover:
- The total asset turnover ratio indicates how well the company utilizes its total assets to generate revenue.
- The ratio varies from 0.28 to 0.54 during the period under consideration.
- A higher total asset turnover ratio generally indicates more efficient asset utilization.
- There is an overall increasing trend in the total asset turnover ratio from March 31, 2023, to June 30, 2024, suggesting improved efficiency in generating sales from total assets.

In general, improving fixed asset turnover ratios reflect better utilization of fixed assets, while increasing total asset turnover ratios indicate enhanced efficiency in utilizing total assets to generate revenue. It is important for Helix Energy Solutions Group Inc to continue monitoring and analyzing these ratios to ensure optimal utilization of its assets for sustainable growth and profitability.