Oceaneering International Inc (OII)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	2,424,706	2,306,300	2,230,791	2,156,912	2,066,084	1,996,570	1,903,713	1,877,881	1,869,275	1,826,828	1,799,757	1,728,774	1,827,889	1,964,437	2,022,341	2,090,906	2,048,124	1,982,409	2,004,062	1,986,955
Receivables	US$ in thousands	331,326	391,745	369,541	317,866	296,554	384,886	344,533	303,436	262,960	293,126	334,122	284,480	296,214	331,617	353,247	372,966	421,360	376,027	374,173	381,455
Receivables turnover		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	4.86	5.27	5.36	5.21

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,424,706K ÷ $331,326K
= 7.32

The receivables turnover ratio measures how efficiently Oceaneering International, Inc. is able to collect payments from its customers. A higher ratio indicates that the company is collecting receivables more quickly.

Looking at the trend over the past eight quarters, we can see some fluctuations in the receivables turnover ratio. In Q4 2023, the ratio stood at 7.32, which is higher compared to the previous quarter at 5.89. This suggests that the company improved its efficiency in collecting receivables during this period.

On a year-over-year basis, Q4 2023's receivables turnover of 7.32 is slightly higher than Q4 2022's 6.97. This indicates that Oceaneering International, Inc. has been more effective in collecting payments from customers compared to the same quarter in the previous year.

Overall, the company's receivables turnover has shown some variability but has generally been in the range of 5.19 to 7.32 over the past eight quarters. It would be important to assess the underlying reasons for these fluctuations to determine the effectiveness of Oceaneering International, Inc.'s credit and collection policies.