Tidewater Inc (TDW)

Days of sales outstanding (DSO)

		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
Receivables turnover		—	—	—	290.91	—	—	—	—	—	—	44.11	—	4.81	4.96	5.36	5.36	6.52	7.03	3.79	3.75
DSO	days	—	—	—	1.25	—	—	—	—	—	—	8.27	—	75.88	73.55	68.14	68.16	56.01	51.96	96.30	97.30

September 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

Days Sales Outstanding (DSO) is a key financial ratio that measures the average number of days a company takes to collect revenue after a sale is made. A lower DSO indicates better efficiency in collecting receivables, while a higher DSO suggests slow collection of accounts receivable.

Looking at the DSO trend for Tidewater Inc over the past few quarters, there is inconsistency in the data, with some quarters missing DSO figures. Notably, in the most recent quarter ending on December 31, 2023, Tidewater Inc had a DSO of 1.25 days, indicating a very efficient collection process. This sharp decrease in DSO from the previous quarter suggests that the company was able to collect revenue at a faster pace.

However, the historical data points reveal fluctuating DSO figures, with some quarters showing significantly higher DSO numbers, such as 96.30 days and 97.30 days in the quarters ending on September 30, 2020, and June 30, 2020, respectively. These higher DSO figures may indicate delays in collecting accounts receivable, which could potentially impact the company's cash flow and working capital management.

Overall, Tidewater Inc should strive to maintain lower DSO figures consistently to ensure efficient cash flow management and timely collection of revenue. Monitoring and optimizing DSO can help the company improve its liquidity position and overall financial performance in the long run.