Tidewater Inc (TDW)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 18.62 | 16.10 | 22.27 | 31.80 | 17.44 | |
| Number of days of payables | days | 19.61 | 22.68 | 16.39 | 11.48 | 20.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.62
= 19.61
The number of days of payables for Tidewater Inc has fluctuated over the past five years, indicating variations in the company's payment cycle with suppliers. In 2023, the number of days of payables decreased to 19.61 days from 22.68 days in 2022, suggesting that the company took fewer days to pay its suppliers in 2023. This could potentially indicate improved efficiency in managing payables or negotiated better payment terms with suppliers.
Comparing to 2021, the number of days of payables increased from 16.39 days to 22.68 days in 2022, indicating a longer time taken to settle payables. However, in 2021, the company had a shorter payment cycle compared to the preceding years, as reflected in the 11.48 days figure.
Overall, the trend in the number of days of payables for Tidewater Inc shows fluctuations, which could be influenced by various factors such as changes in the company's purchasing policies, relationships with suppliers, or overall financial health. Further analysis of the company's financial statements and industry benchmarks would provide a more comprehensive understanding of its payables management efficiency.
Peer comparison
Dec 31, 2023