Helix Energy Solutions Group Inc (HLX)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 1.11 | 40.75 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 1.11 | 40.75 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Helix Energy Solutions Group Inc has fluctuated over the years. In 2020 and 2023, the company had a cash conversion cycle of 0.00 days, suggesting efficient management in converting inventory and receivables into cash. However, in 2021, the cycle extended to 40.75 days, indicating a delay in the conversion process, potentially due to challenges in managing inventory or collecting receivables.
Subsequently, in 2022, the cycle significantly improved to 1.11 days, suggesting a more effective cash conversion process. This improvement could be attributed to better inventory management and receivables collection practices. In 2024, the company returned to a 0.00 days cash conversion cycle, indicating a swift turnaround in converting assets into cash.
Overall, while fluctuations occurred, Helix Energy Solutions Group Inc has demonstrated the ability to efficiently manage its cash conversion cycle, highlighting effective working capital management practices in recent years.
Peer comparison
Dec 31, 2024