Helix Energy Solutions Group Inc (HLX)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover — — — 354.33 328.07 295.31 273.23 9.31 8.96 6.42 8.59 9.51 — — 15.44 12.27 11.34 — — —
Receivables turnover 4.60 4.03 4.38 4.46 4.10 2.92 3.61 3.86 3.90 4.04 4.43 4.41 4.53 3.98 3.93 4.67 9.94 7.06 6.98 5.80
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
Working capital turnover 5.17 7.54 8.66 6.03 5.37 5.18 2.62 2.68 2.69 2.67 2.77 2.65 2.98 3.04 3.99 5.07 4.90 3.70 4.70 3.68

Inventory turnover data is not provided in the table, but we can analyze the other activity ratios for Helix Energy Solutions Group Inc.

1. Receivables Turnover:
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. The higher the ratio, the better the company is at collecting cash from its credit sales. Helix Energy's receivables turnover has been relatively stable over the past eight quarters, ranging from 2.92 to 4.60. An increasing trend in this ratio indicates improved efficiency in collecting receivables.

2. Payables Turnover:
The payables turnover ratio assesses how quickly a company pays its suppliers. A higher ratio suggests the company is taking longer to pay its payables, which can indicate favorable credit terms. Helix Energy's payables turnover has also been relatively consistent, ranging from 5.61 to 8.10. A higher turnover ratio could imply that Helix Energy is managing its payables efficiently.

3. Working Capital Turnover:
The working capital turnover ratio shows how effectively a company is using its working capital to generate sales revenue. Helix Energy's working capital turnover ratio has varied significantly over the quarters, from 2.62 to 8.66. A higher ratio indicates that the company is effectively utilizing its working capital to generate sales.

In summary, Helix Energy Solutions Group Inc. has shown consistent performance in terms of receivables turnover and payables turnover, indicating operational efficiency in managing receivables and payables. However, the working capital turnover ratio has fluctuated significantly, suggesting changes in how the company utilizes its working capital to generate sales.

Average number of days

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
Days of inventory on hand (DOH) days — — — 1.03 1.11 1.24 1.34 39.19 40.75 56.86 42.47 38.39 — — 23.65 29.75 32.17 — — —
Days of sales outstanding (DSO) days 79.36 90.49 83.26 81.79 88.95 124.95 101.08 94.53 93.55 90.37 82.32 82.78 80.61 91.70 92.97 78.18 36.72 51.68 52.28 62.97
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

Days of Inventory on Hand (DOH) for Helix Energy Solutions Group Inc are not provided in the data table.

Days of Sales Outstanding (DSO) have fluctuated over the past eight quarters, ranging from a low of 79.36 days in Q4 2023 to a high of 124.95 days in Q3 2022. The decreasing trend in DSO over the recent quarters indicates that the company has been improving its efficiency in collecting payments from customers.

Number of Days of Payables have also varied, with a low of 45.08 days in Q4 2023 and a high of 65.05 days in Q3 2022. The decreasing trend in days of payables suggests that the company has been managing its payments to suppliers more efficiently, paying them off quicker.

Overall, the trend in DSO and Days of Payables suggests that Helix Energy Solutions Group Inc has been working towards optimizing its working capital management by reducing the time it takes to collect payments from customers and optimizing the time it takes to pay its suppliers.

Long-term

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
Fixed asset turnover 0.82 0.79 0.70 0.60 0.53 0.47 0.43 0.41 0.41 0.39 0.39 0.41 0.41 0.42 0.43 0.42 0.40 0.41 0.41 0.41
Total asset turnover 0.50 0.51 0.46 0.41 0.37 0.32 0.30 0.29 0.29 0.28 0.28 0.30 0.29 0.30 0.31 0.30 0.29 0.28 0.28 0.28

The fixed asset turnover ratio for Helix Energy Solutions Group Inc has shown a gradual improvement over the past eight quarters, increasing from 0.41 in Q1 2022 to 0.82 in Q4 2023. This indicates that the company is generating more revenue from its fixed assets, such as property, plant, and equipment, which is a positive sign of operational efficiency.

On the other hand, the total asset turnover ratio has also exhibited a positive trend over the same period, rising from 0.29 in Q1 2022 to 0.50 in Q4 2023. This suggests that the company is becoming more effective in utilizing all its assets, including both fixed and current assets, to generate sales.

Overall, the increasing trend in both the fixed asset turnover and total asset turnover ratios signifies that Helix Energy Solutions Group Inc is managing its assets more efficiently to drive revenue growth and productivity. This could be an indication of improved operational performance and effective resource utilization within the company.