Bristow Group Inc (VTOL)

Short-term

Turnover ratios

Based on the provided data, let's analyze the activity ratios of Bristow Group Inc:

1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company is managing its inventory.
- In December 2021, the inventory turnover was 12.16, indicating that inventory was turning over approximately 12 times during the year.
- However, there was a significant decrease in March 2022 to 3.40, suggesting a slowdown in inventory turnover.
- The ratio improved in December 2022 to 12.45 but then decreased to 5.49 in December 2023 and further to 4.65 in December 2024.

2. Receivables Turnover:
- The receivables turnover ratio reflects how efficiently the company is collecting payments from customers.
- The data shows that the ratio was not available for December 2021 and subsequent years, indicating that receivables turnover information is not provided or not applicable.

3. Payables Turnover:
- The payables turnover ratio measures how quickly the company is paying its suppliers.
- Similar to receivables turnover, the payables turnover data was not available for December 2021 and subsequent years.

4. Working Capital Turnover:
- The working capital turnover ratio indicates how effectively the company is utilizing its working capital to generate revenue.
- The ratio remained relatively consistent over the years, with values ranging from 4.06 to 5.93. This suggests that the company has been able to generate revenue efficiently relative to its working capital.

Overall, based on the analysis of the activity ratios, Bristow Group Inc has shown fluctuations in inventory turnover, while the information regarding receivables and payables turnover was not provided. However, the consistent working capital turnover ratio indicates a steady effectiveness in utilizing working capital to generate revenue.

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Average number of days

The Days of Inventory on Hand (DOH) ratio for Bristow Group Inc has shown some fluctuations over the years. As of December 31, 2021, the company held inventory for an average of 30.01 days before selling it, which increased significantly to 107.44 days by March 31, 2022, before dropping back to 29.32 days by December 31, 2022. However, it increased again to 66.52 days by December 31, 2023, and further to 78.56 days by December 31, 2024.

On the other hand, Bristow Group Inc has data available only for the Days of Sales Outstanding (DSO) ratio as of March 31, 2022, where it took approximately 0.55 days to collect sales revenue from customers. Data is unavailable for the remaining years.

Lastly, in terms of the Number of Days of Payables ratio, data is only available for March 31, 2022, showing that Bristow Group Inc took an average of 83.53 days to pay its payables.

Based on these activity ratios, Bristow Group Inc could analyze its inventory management efficiency, collection policies, and payment strategies to optimize its working capital management and overall operational effectiveness.

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Long-term

Long-term activity ratios provide insights into how efficiently a company utilizes its assets. Looking at Bristow Group Inc's fixed asset turnover ratio over the past few years, we observe fluctuations in the company's ability to generate revenue from its fixed assets. The ratio increased from 1.04 in December 2021 to 1.26 in March 2022, indicating improved efficiency in generating sales from its fixed assets. However, it slightly declined to 1.06 in December 2022.

In contrast, the total asset turnover ratio remained relatively stable over the same period, hovering around 0.65 to 0.68. This suggests that the company is generating a consistent level of sales relative to its total assets without significant fluctuations.

Overall, while the fixed asset turnover ratio exhibited some variability, possibly indicating changes in the efficiency of utilizing fixed assets, the total asset turnover ratio remained relatively steady, reflecting a consistent level of sales generated per dollar of total assets over the years analyzed.