Oceaneering International Inc (OII)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	13.36	18.01	17.63	16.55
Number of days of payables	days	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	27.32	20.26	20.71	22.06

December 31, 2023 calculation

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

Oceaneering International, Inc.'s number of days of payables has fluctuated over the past eight quarters. In Q4 2023, the company took an average of 28.12 days to pay its suppliers, which was slightly lower than the previous quarter. This indicates that the company has been managing its payables more efficiently. However, compared to Q1 and Q2 of 2023, where the number of days of payables was higher, there seems to have been some improvement in managing payment terms.

Looking further back, in Q4 2022, the number of days of payables was at 30.72 days, which was higher compared to the most recent quarter. This suggests that Oceaneering International, Inc. may have made some adjustments to its payment process to optimize cash flow and relationships with suppliers.

On an annual basis, the trend shows that the number of days of payables has been relatively consistent, with some fluctuations quarter over quarter. The company's ability to effectively manage its payables can impact its liquidity and financial health. It is essential for Oceaneering International, Inc. to strike a balance between maintaining good relationships with suppliers through timely payments and optimizing its working capital management.