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