Oceaneering International Inc (OII)

Number of days of payables

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
Payables turnover 11.99 11.75 12.31 13.58 12.98 12.42 12.35 12.73 11.88 12.51 12.68 15.04 13.12 16.32 14.98 16.81 17.66 19.34 21.30 15.80
Number of days of payables days 30.45 31.08 29.66 26.87 28.12 29.38 29.54 28.67 30.72 29.17 28.79 24.26 27.82 22.36 24.36 21.72 20.67 18.87 17.14 23.10

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.99
= 30.45

The number of days of payables for Oceaneering International Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The company's payables turnover has ranged from a low of 17.14 days on June 30, 2020, to a high of 31.08 days on September 30, 2024.

This ratio indicates the number of days, on average, it takes for Oceaneering International Inc to pay its suppliers. A lower number of days suggests the company is paying its suppliers more quickly, while a higher number indicates that the company is taking longer to settle its payables.

The trend in Oceaneering International Inc's number of days of payables appears to have been generally increasing since mid-2021, which could potentially signal a change in the company's payment policies or supplier relationships. It is important for investors and analysts to closely monitor this metric, as significant fluctuations could indicate liquidity issues or changes in the company's financial management practices.