Tidewater Inc (TDW)

Gross profit margin

		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	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	227,379	186,656	135,270	107,891	70,029	34,960	1,794	-40,863	-78,013	-98,709	-108,818	24,588	20,346	41,651	54,884	-36,590	-8,784	-1,031	6,894	10,818
Revenue (ttm)	US$ in thousands	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	478,007
Gross profit margin		18.51%	16.94%	13.93%	12.24%	9.07%	4.86%	0.29%	-7.61%	-17.71%	-26.71%	-31.75%	7.49%	6.32%	12.45%	14.57%	-8.55%	-1.90%	-0.21%	1.42%	2.26%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $227,379K ÷ $1,228,246K
= 18.51%

The gross profit margin of Tidewater Inc has shown significant fluctuations over the periods indicated. From December 2019 through June 2020, the gross profit margin remained negative, indicating that the company's cost of goods sold exceeded its revenue.

Starting in March 2020, there was an improvement in the company's gross profit margin, reaching positive values. The margin continued to increase steadily through December 2021. This positive trend suggests that the company was able to effectively manage its cost of goods sold relative to its revenue during this period.

From December 2021 through March 2023, there was a decline in the gross profit margin, indicating a decrease in the company's profitability. However, there was a significant improvement in the gross profit margin starting in June 2023 and continuing through June 2024. This rebound suggests that the company may have implemented cost-saving measures or increased revenue generation efforts.

Overall, it is important for Tidewater Inc to closely monitor its gross profit margin to ensure sustainable profitability and efficient cost management in the future.