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.