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