Bristow Group Inc (VTOL)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.26 | 2.35 | 2.41 | 2.76 | 2.86 | 2.67 | 2.63 | 2.90 | 3.14 | 3.79 | 6.28 | 8.45 | 7.04 | 6.28 | 3.12 | 0.83 | 3.22 | 1.84 | 1.81 | 2.10 | |
| DOH | days | 161.33 | 155.14 | 151.75 | 132.48 | 127.65 | 136.51 | 139.04 | 126.07 | 116.17 | 96.40 | 58.13 | 43.18 | 51.85 | 58.14 | 116.94 | 439.91 | 113.53 | 198.44 | 201.74 | 173.66 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.26
= 161.33
The days of inventory on hand (DOH) for Bristow Group Inc have shown fluctuating trends over the past years. In the recent period, the DOH seems to have increased gradually from 127.65 days at the end of December 2022 to 161.33 days at the end of December 2023. This indicates that Bristow Group Inc is holding inventory for a longer period before it is sold.
The increase in DOH can be concerning as it suggests potential issues with inventory management, such as overstocking or slowing sales. A high DOH can tie up capital in inventory and lead to increased carrying costs and potential obsolescence risks. On the other hand, a low DOH can indicate efficient inventory turnover but may also suggest stockouts or missed sales opportunities.
It is important for Bristow Group Inc to closely monitor its inventory levels and implement strategies to optimize inventory turnover without compromising on customer service levels. This may involve improving demand forecasting, streamlining supply chain processes, and identifying slow-moving or obsolete inventory for clearance.
Analyzing DOH in conjunction with other financial ratios and operational metrics can provide a more comprehensive view of Bristow Group Inc's overall efficiency and profitability.