Tidewater Inc (TDW)

Number of days of payables

		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
Payables turnover		16.02	16.48	17.68	18.60	13.53	10.05	10.57	16.10	18.14	16.98	19.76	22.27	24.94	27.69	34.63	31.75	42.23	32.32	16.36	17.44
Number of days of payables	days	22.78	22.15	20.65	19.62	26.97	36.32	34.54	22.68	20.12	21.50	18.47	16.39	14.63	13.18	10.54	11.50	8.64	11.29	22.31	20.93

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.02
= 22.78

The number of days of payables for Tidewater Inc has shown some fluctuations over the past several quarters. The number of days of payables ranged from a low of 8.64 days as of September 30, 2020, to a high of 36.32 days as of June 30, 2023.

On average, the company takes around 20-25 days to pay its suppliers over the analyzed period. In recent quarters, there has been a decreasing trend in the number of days of payables, indicating that the company is paying its suppliers more quickly. This could be a strategic decision to maintain good relationships with suppliers or to take advantage of early payment discounts.

Overall, a lower number of days of payables could suggest improved efficiency in managing the company's working capital, but it is essential to monitor this metric alongside other financial ratios to gain a holistic understanding of Tidewater Inc's financial performance and liquidity management.