Bristow Group Inc (VTOL)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.23 | 6.69 | — | — | — | — | — | 658.45 | — | — | — | 453.10 | — | — | 104.65 | 421.20 | 332.09 | 24.10 | 16.11 | 6.21 | |
| DSO | days | 58.63 | 54.55 | — | — | — | — | — | 0.55 | — | — | — | 0.81 | — | — | 3.49 | 0.87 | 1.10 | 15.14 | 22.66 | 58.79 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.23
= 58.63
Over the past few quarters, Bristow Group Inc has shown fluctuations in its Days Sales Outstanding (DSO) ratio.
The DSO ratio is used to measure the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates that the company is collecting payments more quickly, which is usually a positive sign of efficient accounts receivable management.
In the most recent quarter of Dec 31, 2023, the DSO stood at 58.63 days, showing an increase compared to the previous quarter of Sep 30, 2023, where it was 54.55 days. This indicates that Bristow Group Inc took longer to collect payments in the most recent period.
The DSO has been fluctuating in the recent quarters, with some periods showing very low DSO values (such as 0.55 days in Mar 31, 2022) and others showing higher values (like 58.79 days in Jun 30, 2019). The inconsistency in DSO values may suggest variability in the company's collection practices or the nature of its customer base.
Overall, Bristow Group Inc should focus on maintaining a consistent and efficient collection process to keep DSO at an optimal level, as a high DSO can indicate potential issues with credit policies, collection procedures, or customer payment behaviors. An in-depth analysis of the reasons behind the fluctuations in DSO would be beneficial for the company to ensure effective management of its accounts receivable.