Oceaneering International Inc (OII)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		12.98	11.88	13.12	17.66	13.36
Number of days of payables	days	28.12	30.72	27.82	20.67	27.32

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.98
= 28.12

The number of days of payables for Oceaneering International, Inc. has shown some fluctuations over the past five years. In 2023, the number of days of payables was 28.12 days, slightly lower than the previous year's 30.72 days. This indicates that the company takes approximately 28 days to pay its suppliers, which is a moderate level compared to the industry average.

In 2022 and 2020, the number of days of payables was 30.72 days and 20.67 days respectively. The increase in 2022 suggests that the company took slightly longer to pay its suppliers compared to the previous year, while the decrease in 2020 indicates a more efficient management of payables.

Comparing to 2019 and 2021, where the number of days of payables were 27.32 days and 27.82 days respectively, 2023 reflects a slightly longer payment period. It is important for the company to monitor its payables turnover and ensure timely payments to maintain good relationships with suppliers and manage working capital effectively.