Tidewater Inc (TDW)
Total asset turnover
Dec 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 1,345,835 | 1,303,408 | 1,262,314 | 1,138,045 | 1,009,985 | 894,073 | 786,573 | 735,059 | 647,684 | 566,113 | 466,752 | 393,258 | 371,033 | 357,717 | 351,783 | 364,174 | 397,038 | 423,956 | 457,254 | 480,769 |
Total assets | US$ in thousands | 2,074,900 | 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 |
Total asset turnover | 0.65 | 0.64 | 0.60 | 0.55 | 0.49 | 0.43 | 0.59 | 0.55 | 0.50 | 0.44 | 0.36 | 0.37 | 0.34 | 0.32 | 0.31 | 0.31 | 0.32 | 0.31 | 0.32 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,345,835K ÷ $2,074,900K
= 0.65
Total asset turnover for Tidewater Inc has demonstrated an upward trend over the evaluated period, starting at 0.31 on March 31, 2020, and increasing steadily to 0.65 by December 31, 2024. This indicates the company's ability to generate sales revenue in relation to its total assets has improved consistently. The significant rise in the total asset turnover ratio implies that Tidewater Inc has become more efficient in utilizing its assets to generate revenue, which is a positive sign for the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Tidewater Inc
TDW
0.65
Carnival Corporation
CCL
0.50
International Seaways Inc
INSW
0.36
Kirby Corporation
KEX
0.56
Matson Inc
MATX
0.74
Norwegian Cruise Line Holdings Ltd
NCLH
0.47
Royal Caribbean Cruises Ltd
RCL
0.44