Oceaneering International Inc (OII)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 9.76 | 8.91 | 9.19 | 9.56 | 9.66 | 9.24 | 8.94 | 9.20 | 9.54 | 10.13 | 9.71 | 10.01 | 10.45 | 12.39 | 12.39 | 11.90 | 11.78 | 12.56 | 11.87 | 11.86 |
| Receivables turnover | 8.77 | 6.90 | 6.33 | 6.47 | 7.32 | 5.89 | 6.04 | 6.79 | 6.97 | 5.19 | 5.53 | 6.19 | 7.11 | 6.23 | 5.39 | 6.08 | 6.17 | 5.92 | 5.73 | 5.61 |
| 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 |
| Working capital turnover | 4.50 | 4.26 | 4.57 | 4.66 | 4.23 | 3.50 | 2.93 | 2.95 | 2.84 | 2.84 | 2.82 | 2.77 | 2.72 | 2.49 | 2.40 | 2.32 | 2.49 | 2.83 | 2.98 | 3.14 |
Oceaneering International Inc's inventory turnover has shown some fluctuations over the periods examined, ranging from a high of 12.56 in September 2020 to a low of 8.91 in September 2024. This ratio indicates how efficiently the company is managing its inventory levels and converting them into sales.
On the receivables turnover side, there has been variability as well, with the ratio peaking at 8.77 in December 2024. A higher receivables turnover ratio suggests that the company is collecting outstanding receivables more quickly, which can improve cash flow.
In terms of payables turnover, Oceaneering International Inc has generally seen a declining trend in the ratio, indicating a decrease in the speed at which the company is paying its suppliers. A lower payables turnover ratio could potentially signal liquidity issues or strained supplier relationships.
The working capital turnover for the company has been relatively stable, with an increase from 2.49 in December 2020 to 4.50 in December 2024. This ratio reflects how effectively the company is using its working capital to generate sales revenue over a given period.
Overall, these activity ratios provide insights into Oceaneering International Inc's operational efficiency, management of inventory, receivables, payables, and working capital. Monitoring these ratios over time can help assess the company's performance in these key areas.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 37.39 | 40.95 | 39.73 | 38.19 | 37.80 | 39.52 | 40.84 | 39.69 | 38.26 | 36.02 | 37.59 | 36.45 | 34.94 | 29.45 | 29.46 | 30.66 | 30.98 | 29.05 | 30.75 | 30.77 |
| Days of sales outstanding (DSO) | days | 41.64 | 52.92 | 57.71 | 56.38 | 49.88 | 62.00 | 60.46 | 53.79 | 52.39 | 70.36 | 66.06 | 58.98 | 51.35 | 58.57 | 67.76 | 60.06 | 59.15 | 61.62 | 63.76 | 65.11 |
| 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 |
Oceaneering International Inc's activity ratios provide insight into how efficiently the company manages its inventory, collects receivables, and pays its suppliers.
1. Days of Inventory on Hand (DOH): This ratio measures how many days, on average, the company holds its inventory before it is sold. Oceaneering International Inc's DOH has shown fluctuations over the periods analyzed, ranging from around 29 to 40 days. A higher DOH could indicate slow-moving inventory or potential obsolescence, while a lower DOH may suggest efficient inventory management.
2. Days of Sales Outstanding (DSO): DSO measures the average number of days it takes for the company to collect its accounts receivable. Oceaneering International Inc's DSO has varied between approximately 50 to 70 days during the periods reviewed. A higher DSO may indicate a longer collection period and potential cash flow issues, whereas a lower DSO reflects efficient credit management and timely collections.
3. Number of Days of Payables: This ratio indicates how long, on average, the company takes to pay its suppliers. Oceaneering International Inc's payables days have fluctuated between approximately 17 to 31 days over the periods analyzed. A longer payment period may suggest better cash flow management, while a shorter period could indicate potential liquidity challenges or strained vendor relationships.
Overall, analyzing these activity ratios can provide valuable insights into Oceaneering International Inc's operational efficiency, working capital management, and potential financial performance. It's important for stakeholders to monitor these ratios over time to assess the company's ability to effectively manage its resources and optimize its financial position.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 6.33 | 6.14 | 6.14 | 5.89 | 5.71 | 5.47 | 5.24 | 5.05 | 4.71 | 4.59 | 4.18 | 3.91 | 3.82 | 3.58 | 3.35 | 3.08 | 3.09 | 3.22 | 3.12 | 3.11 |
| Total asset turnover | 1.14 | 1.10 | 1.11 | 1.12 | 1.08 | 1.00 | 1.03 | 1.06 | 1.02 | 1.04 | 1.02 | 0.99 | 0.95 | 0.92 | 0.87 | 0.86 | 0.89 | 0.96 | 0.95 | 0.97 |
Oceaneering International Inc's long-term activity ratios indicate the efficiency of the company in generating sales from its long-term assets.
1. Fixed Asset Turnover:
- The fixed asset turnover ratio shows how efficiently the company is utilizing its fixed assets to generate revenue.
- Oceaneering International Inc's fixed asset turnover has been steadily increasing from 3.11 in March 2020 to 6.33 in December 2024.
- The upward trend in the fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales over the years.
2. Total Asset Turnover:
- The total asset turnover ratio measures how efficiently the company is utilizing all its assets to generate revenue.
- Oceaneering International Inc's total asset turnover ratio has shown fluctuations, with a general increasing trend from 0.97 in March 2020 to 1.14 in December 2024.
- The increasing total asset turnover ratio indicates that the company is becoming more efficient in generating revenue relative to its total assets.
Overall, the long-term activity ratios of Oceaneering International Inc demonstrate an improvement in asset utilization efficiency, with both fixed asset turnover and total asset turnover ratios showing positive trends over the analyzed period.