Tidewater Inc (TDW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,345,840 | 1,009,980 | 647,684 | 371,033 | 397,038 |
| Total assets | US$ in thousands | 2,074,900 | 2,062,770 | 1,297,660 | 1,095,780 | 1,251,180 |
| Total asset turnover | 0.65 | 0.49 | 0.50 | 0.34 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,345,840K ÷ $2,074,900K
= 0.65
The total asset turnover for Tidewater Inc has shown improvement over the years based on the provided data. It increased from 0.32 in December 31, 2020, to 0.65 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, which suggests improved efficiency in asset utilization. The peak in total asset turnover was observed in December 31, 2024, at 0.65, reflecting an efficient use of assets to generate revenue. Overall, the trend suggests that Tidewater Inc has been effectively managing its assets to drive revenue growth over the period analyzed.
Peer comparison
Dec 31, 2024