Oceaneering International Inc (OII)

Receivables 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
Revenue (ttm)	US$ in thousands	2,661,161	2,602,340	2,557,709	2,486,811	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
Receivables	US$ in thousands	303,583	377,291	404,372	384,095	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
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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,661,161K ÷ $303,583K
= 8.77

The receivables turnover ratio indicates the efficiency with which Oceaneering International Inc collects its accounts receivable during a specific period. It is calculated by dividing the net credit sales by the average accounts receivable.

Analyzing the receivables turnover ratio data provided:
- The ratio has shown some fluctuations over the quarters, ranging from a low of 5.19 to a high of 8.77.
- A higher receivables turnover ratio indicates that Oceaneering International Inc is collecting its receivables more quickly, which is generally favorable.
- The trend indicates an improvement in receivables turnover during the later quarters of the period, with a notable increase from 5.19 in September 30, 2022 to 8.77 in December 31, 2024.
- The company seems to have been managing its receivables effectively, with the ratio generally staying above 5, signaling a consistent and efficient collection process.
- However, fluctuations in the ratio might require further investigation to understand the underlying reasons, such as changes in credit policies, customer payment behavior, or economic conditions.

Overall, Oceaneering International Inc's receivables turnover ratio shows a positive trend over the period, indicating efficient management of accounts receivable and timely collection from customers. This suggests the company's ability to effectively convert credit sales into cash, which is crucial for maintaining a healthy cash flow and financial stability.