Tidewater Inc (TDW)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		27.37	23.21	16.82	30.03	24.50
DOH	days	13.33	15.73	21.70	12.15	14.90

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 27.37
= 13.33

The Days of Inventory on Hand (DOH) for Tidewater Inc have fluctuated over the years based on the provided data. As of December 31, 2020, the company had 14.90 days of inventory on hand, indicating the average number of days it took to sell its inventory during that period. By December 31, 2021, the DOH decreased to 12.15 days, suggesting a more efficient management of inventory.

However, there was a significant increase in DOH by December 31, 2022, reaching 21.70 days, which could imply potential issues such as overstocking or slowing sales. The DOH then decreased to 15.73 days by December 31, 2023, showing a positive trend towards inventory optimization. By the end of 2024, the DOH further decreased to 13.33 days, indicating continued improvement in managing inventory levels.

Overall, Tidewater Inc should continue monitoring its DOH to ensure optimal inventory management and balance between holding costs and stockouts.