Helix Energy Solutions Group Inc (HLX)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 10.84 | — | — | — | — | — | 1.03 | 1.11 | 1.24 | 1.34 | 39.19 | 40.75 | 56.86 | 42.47 | 38.39 | — | — | 23.65 | 29.75 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 10.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.03 | 1.11 | 1.24 | 1.34 | 39.19 | 40.75 | 56.86 | 42.47 | 38.39 | 0.00 | 0.00 | 23.65 | 29.75 |
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 shown fluctuations over the reported periods. In March 2020, the company had a cash conversion cycle of 29.75 days, indicating the time it took for the company to convert its investments in inventory and other resources into cash inflows. The cycle decreased to 23.65 days in June 2020, suggesting an improvement in efficiency.
By September 2020 and December 2020, Helix Energy Solutions Group Inc achieved a cash conversion cycle of 0.00 days, possibly indicating an optimal management of its working capital and swift conversion of assets into cash. However, the cycle increased to 38.39 days in March 2021, and further to 42.47 days in June 2021, possibly due to changes in inventory levels or payment terms.
The cycle peaked at 56.86 days in September 2021, indicating a potential delay in the company's cash conversion process. Subsequently, the cycle decreased to 40.75 days by December 2021, and further improved to 1.34 days in June 2022, possibly due to better management of working capital components.
In the most recent periods, the cash conversion cycle remained relatively stable, ranging from 1.03 days in March 2023 to 10.84 days in September 2024. Overall, fluctuations in the cash conversion cycle of Helix Energy Solutions Group Inc may indicate variations in operational efficiency, working capital management, inventory turnover, and payment collection processes over the analyzed periods.
Peer comparison
Dec 31, 2024