Oceaneering International Inc (OII)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 11.99 | 12.98 | 11.88 | 13.12 | 17.66 | |
| Number of days of payables | days | 30.45 | 28.12 | 30.72 | 27.82 | 20.67 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.99
= 30.45
Oceaneering International Inc's number of days of payables has shown an increasing trend over the past five years. As of December 31, 2020, the company took approximately 20.67 days to pay its invoices, which increased to 27.82 days by December 31, 2021. This trend continued as the number of days of payables rose to 30.72 days by December 31, 2022, before slightly decreasing to 28.12 days by December 31, 2023. Finally, as of December 31, 2024, Oceaneering International Inc's number of days of payables stood at 30.45 days. The increasing number of days of payables may indicate that the company is taking longer to settle its outstanding obligations, potentially affecting its relationships with suppliers and liquidity management.
Peer comparison
Dec 31, 2024