Tidewater Inc (TDW)

Receivables turnover

		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	Sep 30, 2019
Revenue (ttm)	US$ in thousands	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	478,007
Receivables	US$ in thousands	-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	124,757
Receivables turnover		—	—	290.91	—	—	—	—	—	—	44.11	—	4.81	4.96	5.36	5.36	6.52	7.03	3.79	3.75	3.83

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,228,246K ÷ $-3,350K
= —

The receivables turnover ratio for Tidewater Inc has shown some fluctuation over the past eight quarters.

There was a significant increase in the ratio in December 2023, with a value of 290.91, indicating that the company was able to collect its accounts receivable almost 291 times during that period. However, the lack of data for the following quarter makes it difficult to assess the trend.

Prior to the spike in December 2023, the receivables turnover ratio remained relatively stable in the range of 3.75 to 7.03 over the preceding quarters. This suggests that the company was efficiently managing its accounts receivable and collecting payments from customers in a timely manner.

Overall, a higher receivables turnover ratio is generally preferable as it indicates that the company is able to collect payments quickly, which can improve cash flow and liquidity. On the other hand, a low turnover ratio may indicate issues with collecting receivables, potentially leading to cash flow problems.