Tidewater Inc (TDW)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	939,432	741,188	518,591	378,589	388,894
Inventory	US$ in thousands	34,319	31,933	30,830	12,606	15,876
Inventory turnover		27.37	23.21	16.82	30.03	24.50

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $939,432K ÷ $34,319K
= 27.37

Tidewater Inc's inventory turnover ratio indicates how efficiently the company manages its inventory levels. The trend in the inventory turnover from December 31, 2020, to December 31, 2024, shows varying levels of efficiency.

- In 2020, the inventory turnover was 24.50, suggesting that the company turned over its inventory approximately 24.50 times during that period.
- By December 31, 2021, the inventory turnover improved to 30.03, indicating an increase in efficiency in managing inventory levels.
- However, in 2022, the inventory turnover decreased to 16.82, signifying a possible slowdown in inventory turnover efficiency.
- The ratio improved again by December 31, 2023, reaching 23.21, showing a recovery in the efficiency of inventory management.
- Finally, as of December 31, 2024, the inventory turnover ratio increased to 27.37, indicating a more efficient use of inventory.

Overall, the trend in Tidewater Inc's inventory turnover ratios over the period displays fluctuations in inventory management efficiency, with improvements in some years and declines in others. It is essential for the company to monitor and assess its inventory turnover continually to ensure optimal management of inventory levels and operational efficiency.