Tidewater Inc (TDW)

Fixed asset turnover

		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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	478,007
Property, plant and equipment	US$ in thousands	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	1,022,790
Fixed asset turnover		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	0.47

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,228,246K ÷ $1,253,580K
= 0.98

The fixed asset turnover ratio for Tidewater Inc has been fluctuating over the past few quarters. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar of fixed assets.

From the data provided, we can see that the fixed asset turnover ratio ranged from 0.44 to 0.98 over the last several quarters. The ratio peaked at 0.98 in both Jun 30, 2024, and Jun 30, 2023, suggesting that Tidewater Inc was able to generate more revenue compared to its fixed assets during those periods.

However, the ratio has shown some inconsistency, with fluctuations between quarters. This could indicate varying levels of operational efficiency and asset utilization by the company. For example, the ratio dropped to 0.50 in Dec 31, 2021, before gradually increasing and then dipping again in subsequent quarters.

Overall, Tidewater Inc's fixed asset turnover ratio indicates some variability in how effectively the company is utilizing its fixed assets to generate revenue. Analysis of the underlying factors driving these fluctuations would be necessary for a more in-depth assessment of the company's operational performance and efficiency in managing its fixed assets.