Tidewater Inc (TDW)

Total asset 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
Total assets	US$ in thousands	2,047,130	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
Total asset turnover		0.62	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

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,276,199K ÷ $2,047,130K
= 0.62

The total asset turnover ratio for Tidewater Inc has shown fluctuations over the period analyzed. The ratio peaked at 0.62 in September 2024 and reached its lowest point of 0.28 in March 2021.

A total asset turnover ratio below 1 indicates that the company is generating less revenue per dollar of assets, which could signal inefficiency in asset utilization. Tidewater Inc's ratio has generally been below 1, suggesting that the company may not be efficiently utilizing its assets to generate sales.

It is important for Tidewater Inc to closely monitor and improve its total asset turnover ratio over time to ensure optimal utilization of assets and maximize revenue generation. Further analysis in conjunction with other financial ratios and industry benchmarks could provide additional insights into the company's operational efficiency and financial performance.