Bristow Group Inc (VTOL)

The Days of Inventory on Hand (DOH) measures the number of days a company takes to sell its average inventory during a specific period. A higher number of days indicates that inventory is being held for a longer period before being sold, potentially tying up capital and increasing costs associated with inventory storage.

Analyzing the DOH of Bristow Group Inc over the past years shows fluctuating trends. As of December 31, 2021, the company had 30.01 days of inventory on hand, indicating a relatively efficient inventory turnover. However, by March 31, 2022, the DOH significantly increased to 107.44 days, suggesting a prolonged time to sell inventory, potentially impacting liquidity and operational efficiency.

The DOH decreased to 29.32 days as of December 31, 2022, reflecting a positive improvement in inventory management compared to the previous period. However, by December 31, 2023, the DOH increased notably to 66.52 days, signaling a potential slowdown in inventory turnover.

By the end of December 31, 2024, the DOH further rose to 78.56 days, indicating an extended period for inventory turnover compared to previous years. This trend may point towards potential inventory management challenges or changes in the company's operations that could impact working capital and profitability.

Overall, Bristow Group Inc's fluctuating DOH figures suggest varying levels of efficiency in managing inventory turnover over the analyzed years, highlighting the need for the company to closely monitor and optimize its inventory management practices to enhance operational performance and financial health in the long term.