Tidewater Inc (TDW)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,276,199 | 1,228,246 | 1,101,938 | 971,068 | 881,665 | 771,718 | 719,441 | 628,700 | 536,653 | 440,428 | 369,602 | 342,682 | 328,155 | 322,185 | 334,670 | 376,625 | 428,080 | 462,011 | 485,942 | 486,549 |
| Receivables | US$ in thousands | -3,086 | -3,350 | -4 | 3,338 | — | — | — | -10,196 | -11,642 | -12,215 | 8,379 | -1,000 | 68,217 | 64,922 | 62,474 | 70,330 | 65,692 | 65,766 | 128,204 | 129,700 |
| Receivables turnover | — | — | — | 290.91 | — | — | — | — | — | — | 44.11 | — | 4.81 | 4.96 | 5.36 | 5.36 | 6.52 | 7.03 | 3.79 | 3.75 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,276,199K ÷ $-3,086K
= —
The receivables turnover ratio for Tidewater Inc has shown fluctuation over the historical periods provided.
For the most recent data point in December 2023, the receivables turnover ratio was remarkably high at 290.91, indicating that the company collected its accounts receivable approximately 291 times during that period. This could suggest that Tidewater Inc has efficient credit management and collection processes in place.
Looking further back, the ratios for March 2022, December 2021, and September 2021 were 44.11, 4.81, and 4.96 respectively. These figures show a significant improvement in receivables turnover compared to the earlier periods, hinting at enhanced effectiveness in collecting receivables during these quarters.
However, there are instances, such as in December 2020 and March 2020, when the receivables turnover ratios were lower at 5.36 and 6.52. This might indicate a longer collection period for receivables during those periods, potentially pointing to issues with credit management or an increase in outstanding receivables.
Overall, the trend in the receivables turnover ratio for Tidewater Inc fluctuates across the periods, indicating variations in the company's ability to efficiently collect outstanding receivables. Further analysis and comparison with industry benchmarks could provide deeper insights into the effectiveness of Tidewater Inc's receivables management.
Peer comparison
Sep 30, 2024