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	26,670	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		38.48	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 ÷ $26,670K
= 38.48

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.