Tidewater Inc (TDW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 968,844 | 627,918 | 341,080 | 375,228 | 486,549 |
| Receivables | US$ in thousands | 3,338 | -10,196 | -1,000 | 70,330 | 129,700 |
| Receivables turnover | 290.25 | — | — | 5.34 | 3.75 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $968,844K ÷ $3,338K
= 290.25
The receivables turnover for Tidewater Inc has shown a significant increase from 3.75 in 2019 to 290.25 in 2020, indicating a substantial improvement in the efficiency of collecting receivables during the year. However, there is missing data for 2022, making it difficult to assess the trend accurately. It is essential to consider why the ratio was not available for 2022, as it could provide valuable insights into the company's financial performance during that period. Overall, the notable increase in receivables turnover in 2020 suggests that Tidewater Inc may have implemented more effective credit and collection policies or experienced a shift in its customer base towards faster-paying customers. Further analysis of the receivables turnover trend over the years would be necessary to evaluate the company's overall effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2023