Tidewater Inc (TDW)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 13.66% | 0.16% | -35.72% | -7.91% | 1.42% |
| Operating profit margin | 18.81% | 4.25% | -27.86% | -49.78% | -17.80% |
| Pretax margin | 14.50% | -0.30% | -36.09% | -52.56% | -23.43% |
| Net profit margin | 10.03% | -3.46% | -37.81% | -52.30% | -29.13% |
Tidewater Inc's profitability ratios have shown varying trends over the past five years.
The gross profit margin has fluctuated significantly, reaching a low of -35.72% in 2021, but has improved to 13.66% in 2023. This indicates that the company has been able to better manage its cost of goods sold relative to its sales, resulting in a healthier gross margin.
The operating profit margin has also shown improvement, with a significant increase from -27.86% in 2021 to 18.81% in 2023. This suggests that the company has been able to control its operating expenses more effectively and generate higher operating profits from its revenue.
Similarly, the pretax margin has demonstrated a positive trend, moving from -36.09% in 2021 to 14.50% in 2023. This indicates that Tidewater Inc has been able to generate more income before taxes as a percentage of its revenue.
The net profit margin, which reflects the company's bottom line profitability, has shown improvement as well. Despite posting negative margins in the past years, the company achieved a positive net profit margin of 10.03% in 2023. This signifies that Tidewater Inc has managed to turn its net income into a profit compared to previous years.
Overall, the increasing trend in Tidewater Inc's profitability ratios over the years suggests that the company has made strides in enhancing its profitability through more efficient cost management and revenue generation strategies.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.83% | 2.06% | -8.67% | -14.93% | -5.48% |
| Return on assets (ROA) | 4.71% | -1.68% | -11.77% | -15.68% | -8.97% |
| Return on total capital | 10.91% | 2.58% | -10.93% | -18.93% | -6.69% |
| Return on equity (ROE) | 9.35% | -2.51% | -18.39% | -23.87% | -13.97% |
Tidewater Inc's profitability ratios have shown varying trends over the past five years.
1. Operating return on assets (Operating ROA) has improved significantly from -8.67% in 2021 to 8.83% in 2023, indicating that the company is generating a higher operating profit relative to its total assets.
2. Return on assets (ROA) has also shown improvement, moving from negative figures in previous years to a positive 4.71% in 2023. This suggests that the company is becoming more efficient in generating profits from its assets.
3. Return on total capital has increased from -10.93% in 2021 to 10.91% in 2023, indicating that the company is effectively utilizing its total capital to generate returns for its investors.
4. Return on equity (ROE) has also shown improvement, moving from negative figures to a positive 9.35% in 2023. This indicates that the company is generating better returns for its shareholders based on their equity investments.
Overall, the improving trend in profitability ratios indicates that Tidewater Inc has been enhancing its operational efficiency and profitability over the years, which may be a positive indicator of the company's financial performance and potential for growth.