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		38.48	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	9.49	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 ÷ 38.48
= 9.49

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.