Oceaneering International Inc (OII)

Payables turnover

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
Cost of revenue (ttm) US$ in thousands 2,175,667 2,153,154 2,124,788 2,073,021 2,025,735 1,922,856 1,866,290 1,817,450 1,758,707 1,700,132 1,643,181 1,624,993 1,605,210 1,596,925 1,600,051 1,554,928 1,663,948 1,865,884 1,904,378 1,973,497
Payables US$ in thousands 181,505 183,323 172,672 152,607 156,064 154,797 151,062 142,741 148,018 135,882 129,594 108,015 122,327 97,836 106,778 92,515 94,207 96,481 89,411 124,898
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,175,667K ÷ $181,505K
= 11.99

The payables turnover ratio measures how efficiently a company is managing its suppliers and paying off its accounts payable. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently, which can be a sign of strong liquidity and good working capital management.

In the case of Oceaneering International Inc, we observe fluctuations in the payables turnover ratio over the period from March 31, 2020, to December 31, 2024. The payables turnover ratio ranged from a high of 21.30 on June 30, 2020, to a low of 11.75 on September 30, 2024.

Overall, the trend in Oceaneering International Inc's payables turnover ratio shows variability, with no clear upward or downward trajectory. It is important for investors and analysts to further investigate the reasons behind these fluctuations in the payables turnover ratio to understand the company's payment practices and relationships with suppliers.

It is recommended for stakeholders to monitor Oceaneering International Inc's payables turnover ratio over time and compare it with industry peers to assess the company's efficiency in managing its payables and working capital. Additionally, a detailed analysis of the company's financial statements and cash flow management practices may provide further insights into the factors driving the changes in the payables turnover ratio.