Tidewater Inc (TDW)

Days of inventory on hand (DOH)

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 Dec 31, 2019
Inventory turnover 37.20 36.96 26.17 28.15 31.19 28.00 20.33 27.81 24.48 35.34 36.72 33.75 29.10 32.30 33.96 30.71 26.87 22.90 21.95
DOH days 9.81 9.88 13.95 12.97 11.70 13.04 17.95 13.12 14.91 10.33 9.94 10.82 12.54 11.30 10.75 11.88 13.58 15.94 16.63

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Tidewater Inc have shown some fluctuations over the past few quarters. As of September 30, 2024, the DOH stands at 9.81 days, which indicates that, on average, the company holds inventory for approximately 9.81 days before selling it.

Comparing this figure to previous quarters, we observe a relatively stable trend in inventory management. The DOH has ranged between 9.81 days and 17.95 days over the past two years, with occasional fluctuations. The lower DOH values suggest efficient inventory turnover and management, while higher values may indicate slower inventory turnover or excess inventory levels.

Overall, Tidewater Inc appears to have maintained a reasonable level of inventory efficiency in recent quarters, with the most recent figure of 9.81 days signaling effective management of inventory levels in the company's operations. Monitoring this ratio over time can provide insights into the company's inventory management practices and their effectiveness in optimizing working capital and operational efficiency.


Peer comparison

Sep 30, 2024