Tidewater Inc (TDW)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	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	467,189
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	21,303
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	21.93

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,000,867K ÷ $26,908K
= 37.20

The inventory turnover ratio of Tidewater Inc has shown variability over the past few quarters. For the most recent quarter ending June 30, 2024, the inventory turnover was 37.20 times, indicating that the company's inventory was sold and replaced 37.20 times during the period.

Looking at the trend, the inventory turnover has generally been fluctuating, with some quarters showing higher turnover rates (such as March 2022 and December 2021) and others showing lower turnover rates (such as September 2022 and December 2020).

A high inventory turnover ratio suggests efficient inventory management and sales practices, as the company is able to quickly sell and replenish its inventory. On the other hand, a low inventory turnover ratio may indicate overstocking, obsolete inventory, or difficulties in selling products.

Overall, Tidewater Inc should continue monitoring its inventory turnover ratio to ensure optimal inventory levels and efficient operations.