Tidewater Inc (TDW)

Inventory 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
Cost of revenue (ttm) US$ in thousands 1,026,277 1,000,867 915,282 835,798 773,774 701,689 684,481 626,906 577,516 518,441 468,311 462,922 450,042 448,314 506,302 539,082 546,958 553,083 502,453 479,655
Inventory US$ in thousands 26,908 24,767 31,933 27,489 22,495 24,448 30,830 20,764 21,182 13,252 12,606 13,335 15,404 15,676 15,876 17,808 20,580 21,944 21,856
Inventory turnover 37.20 36.96 26.17 28.15 31.19 28.00 20.33 27.81 24.48 35.34 36.72 33.75 29.10 32.30 33.96 30.71 26.87 22.90 21.95

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,026,277K ÷ $—K
= —

Based on the inventory turnover figures provided for Tidewater Inc over the past several quarters, we observe fluctuations in the efficiency of managing inventory levels.

The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a specific period. A higher turnover ratio typically suggests that a company is efficiently managing its inventory levels, while a lower ratio may indicate slower movement of inventory or potential overstocking issues.

Looking at Tidewater Inc's inventory turnover history, we can see that the ratio has fluctuated between 20.33 and 37.20 over the past few quarters. The highest turnover was observed in the most recent quarter, which indicates that the company has been able to sell and replace its inventory more frequently compared to previous periods.

However, it is also important to note that the inventory turnover ratio alone does not provide a complete picture of a company's performance. It should be analyzed in conjunction with other financial metrics and industry benchmarks to assess the overall efficiency of inventory management.

In conclusion, Tidewater Inc's inventory turnover has shown variability over the quarters, with the most recent figure indicating improved efficiency in managing inventory levels. Continued monitoring of this ratio along with other financial indicators will be essential to evaluate the company's overall operational performance.


Peer comparison

Sep 30, 2024

Sep 30, 2024