Helix Energy Solutions Group Inc (HLX)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	1,289,730	873,100	674,728	733,555	751,909
Total assets	US$ in thousands	2,556,040	2,389,340	2,326,030	2,498,280	2,596,730
Total asset turnover		0.50	0.37	0.29	0.29	0.29

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,289,730K ÷ $2,556,040K
= 0.50

The total asset turnover ratio for Helix Energy Solutions Group Inc has shown a positive trend from 0.29 in 2019 to 0.50 in 2023. This indicates that the company is generating more revenue relative to its total assets over the years. A total asset turnover ratio of 0.50 in 2023 means that for every dollar of total assets, Helix Energy Solutions Group Inc generated $0.50 of revenue. This implies that the company is effectively utilizing its assets to generate sales. The increasing trend in the total asset turnover ratio is a positive sign of efficiency and productivity in the company's operations. It suggests that Helix Energy Solutions Group Inc has been successful in managing its assets to generate revenue and improve its overall financial performance.