Helix Energy Solutions Group Inc (HLX)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,358,560 | 1,289,730 | 873,100 | 674,728 | 733,555 |
| Total assets | US$ in thousands | 2,597,080 | 2,556,040 | 2,389,340 | 2,326,030 | 2,498,280 |
| Total asset turnover | 0.52 | 0.50 | 0.37 | 0.29 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,358,560K ÷ $2,597,080K
= 0.52
The total asset turnover ratio for Helix Energy Solutions Group Inc has shown a consistent trend of improvement over the years, starting at 0.29 in both December 31, 2020, and December 31, 2021, and gradually increasing to 0.52 by December 31, 2024.
This indicates that the company has been able to generate more revenue relative to its total assets as time has progressed, showcasing an enhanced efficiency in asset utilization. A higher total asset turnover ratio reflects that Helix Energy Solutions Group Inc is effectively generating sales from its investments in assets, which is a positive sign for the company's operations.
The significant increase in the total asset turnover ratio from 2022 to 2024 suggests that the company has implemented strategies to optimize its asset management and utilize its resources more efficiently to drive revenue growth. This improvement may indicate better operational performance and profitability for Helix Energy Solutions Group Inc in the future.
Peer comparison
Dec 31, 2024