Bristow Group Inc (VTOL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,415,490 | 1,297,430 | 1,230,090 | 1,185,200 | 1,185,200 |
| Property, plant and equipment | US$ in thousands | — | — | 1,156,230 | 942,608 | 1,136,110 |
| Fixed asset turnover | — | — | 1.06 | 1.26 | 1.04 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,415,490K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. The ratio is calculated by dividing net sales by average fixed assets. Looking at the trend of Bristow Group Inc's fixed asset turnover over the years, we can see that it was 1.04 as of December 31, 2021, increased to 1.26 by March 31, 2022, then decreased slightly to 1.06 by December 31, 2022. However, the data for December 31, 2023 and December 31, 2024 are missing.
The increase in fixed asset turnover from 2021 to 2022 indicates that Bristow Group Inc became more efficient in generating sales from its fixed assets. It implies that the company was able to use its fixed assets more effectively to generate revenue during this period. The subsequent decrease by the end of 2022 may be a sign of a potential decrease in operational efficiency or changes in the company's asset base.
The lack of data for 2023 and 2024 makes it challenging to provide a complete analysis of the trend in fixed asset turnover for those years. It is important for Bristow Group Inc to monitor this ratio consistently to ensure that the company is utilizing its fixed assets efficiently and effectively to drive revenue generation.