Tidewater Inc (TDW)
Working capital 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 current assets | US$ in thousands | 698,662 | 591,135 | 377,908 | 342,672 | 388,649 |
| Total current liabilities | US$ in thousands | 331,613 | 328,731 | 194,787 | 157,942 | 183,179 |
| Working capital turnover | 3.67 | 3.85 | 3.54 | 2.01 | 1.93 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,345,840K ÷ ($698,662K – $331,613K)
= 3.67
The working capital turnover for Tidewater Inc has shown a positive trend over the past five years, increasing from 1.93 in December 31, 2020, to 3.67 in December 31, 2024. This indicates that the company is generating more revenue relative to its working capital, which is a positive sign of efficiency in managing its current assets and liabilities. The significant increase in the working capital turnover from 2020 to 2024 suggests that Tidewater Inc has been able to optimize its working capital usage to support its operations and growth. Overall, the improving trend in the working capital turnover ratio reflects the company's effectiveness in utilizing its working capital to generate sales and drive business performance.
Peer comparison
Dec 31, 2024