Tidewater Inc (TDW)

Total asset 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
Total assets	US$ in thousands	2,089,750	2,077,820	2,062,770	2,071,560	1,344,160	1,327,150	1,297,660	1,283,060	1,282,740	1,054,130	1,095,780	1,123,070	1,151,730	1,188,930	1,251,180	1,350,770	1,415,680	1,553,120	1,579,530	1,754,020
Total asset turnover		0.59	0.53	0.47	0.43	0.57	0.54	0.48	0.42	0.34	0.35	0.31	0.29	0.28	0.28	0.30	0.32	0.33	0.31	0.31	0.27

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,228,246K ÷ $2,089,750K
= 0.59

The total asset turnover ratio for Tidewater Inc has displayed fluctuations over the past several quarters. It measures the efficiency of the company in generating revenue from its assets.

In the most recent quarter, the total asset turnover ratio was 0.59, indicating that the company generated $0.59 in revenue for every $1 of assets. This represents an improvement from the preceding quarter's ratio of 0.53.

Looking at the trend over the past few quarters, there seems to be variability in the ratio, with some quarters showing higher efficiency in asset utilization compared to others. The ratio has generally been on an upward trajectory, with occasional dips.

It is noteworthy that the company's total asset turnover ratio has shown an increasing trend in the more recent periods, which suggests that Tidewater Inc has been more effective in generating revenues from its assets. This could be attributed to better management of assets, improved operational efficiency, or changes in the business strategy.

However, it is important to continue monitoring this ratio to assess the company's ongoing performance in utilizing its assets effectively to generate revenue.