Tidewater Inc (TDW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,345,840 | 1,009,980 | 647,684 | 371,033 | 397,038 |
| Property, plant and equipment | US$ in thousands | — | — | 803,701 | 688,040 | 780,318 |
| Fixed asset turnover | — | — | 0.81 | 0.54 | 0.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,345,840K ÷ $—K
= —
Based on the fixed asset turnover ratios provided for Tidewater Inc over the past few years, we observe the following trends:
1. In 2020, the fixed asset turnover ratio was 0.51, indicating that for every $1 invested in fixed assets, the company generated $0.51 in revenue.
2. The ratio slightly improved in 2021 to 0.54, suggesting a marginal increase in the efficiency of utilizing fixed assets to generate sales.
3. The most significant improvement was seen in 2022, with a fixed asset turnover ratio of 0.81. This indicates that the company was able to generate more revenue per dollar of fixed assets, reflecting enhanced operational efficiency or potentially a strategic shift in asset utilization.
4. Unfortunately, data for 2023 and 2024 is unavailable (denoted as "—"), making it challenging to assess the trend beyond 2022.
In conclusion, the increasing trend in fixed asset turnover ratios from 2020 to 2022 is a positive sign for Tidewater Inc, suggesting a potential improvement in asset utilization efficiency and revenue generation. However, the lack of data for 2023 and 2024 prevents us from making a complete assessment of the company's fixed asset turnover performance in those years. It would be beneficial to monitor future ratios to gauge the company's ongoing effectiveness in utilizing its fixed assets to drive sales.
Peer comparison
Dec 31, 2024