Helix Energy Solutions Group Inc (HLX)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	1,358,560	1,338,584	1,391,835	1,335,855	1,289,728	1,242,387	1,119,264	973,059	873,100	753,940	662,109	661,438	674,728	665,969	678,743	715,949	733,555	744,407	763,526	766,107
Total assets	US$ in thousands	2,597,080	2,661,150	2,596,940	2,613,810	2,579,220	2,434,750	2,423,840	2,369,330	2,389,340	2,355,500	2,213,650	2,307,370	2,326,030	2,347,300	2,417,710	2,421,750	2,498,280	2,505,470	2,484,670	2,514,150
Total asset turnover		0.52	0.50	0.54	0.51	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,358,560K ÷ $2,597,080K
= 0.52

Total asset turnover measures how efficiently a company is using its assets to generate sales. For Helix Energy Solutions Group Inc, the total asset turnover has shown a fluctuating trend over the past few years, ranging from 0.28 to 0.54. The ratio increased from 0.30 in March 2020 to 0.54 in June 2024, indicating improved efficiency in utilizing assets to generate revenue. However, there was a slight decline in the ratio to 0.50 by September 2024.

Overall, the company's total asset turnover has been relatively stable around the range of 0.30 to 0.54, with some fluctuations observed. It is important for investors and stakeholders to monitor this ratio to assess the company's ability to efficiently generate sales from its assets.