Tidewater Inc (TDW)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 1,276,199 1,228,246 1,101,938 971,068 881,665 771,718 719,441 628,700 536,653 440,428 369,602 342,682 328,155 322,185 334,670 376,625 428,080 462,011 485,942 486,549
Property, plant and equipment US$ in thousands 1,220,060 1,253,580 1,286,620 1,315,120 1,348,000 784,873 786,168 796,655 815,990 838,612 677,580 688,040 709,324 731,659 754,707 780,318 820,876 839,912 922,979 780,318
Fixed asset turnover 1.05 0.98 0.86 0.74 0.65 0.98 0.92 0.79 0.66 0.53 0.55 0.50 0.46 0.44 0.44 0.48 0.52 0.55 0.53 0.62

September 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,276,199K ÷ $1,220,060K
= 1.05

The fixed asset turnover ratio for Tidewater Inc has fluctuated over the past few years. It has shown a general increasing trend from 0.44 in December 2020 to 1.05 in September 2024, indicating that the company has become more efficient in generating sales from its fixed assets.

A fixed asset turnover ratio of 1.05 means that the company generated $1.05 in sales for every $1 invested in fixed assets during the most recent quarter. This indicates effective utilization of fixed assets to generate revenue.

However, there have been periods of decline in the fixed asset turnover ratio, such as in December 2021 and December 2022, when the ratio decreased to 0.46 and 0.48, respectively. This could suggest reduced efficiency in utilizing fixed assets to generate sales during those quarters.

Overall, Tidewater Inc's fixed asset turnover ratio has shown improvement over the historical period, with some fluctuations along the way. It is important for the company to continue monitoring and optimizing its use of fixed assets to ensure efficiency and profitability in the long term.