Bristow Group Inc (VTOL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,297,430 | 1,209,970 | 1,185,200 | 1,178,060 | 226,059 |
| Property, plant and equipment | US$ in thousands | 927,766 | 915,251 | 942,608 | 1,004,560 | 556,899 |
| Fixed asset turnover | 1.40 | 1.32 | 1.26 | 1.17 | 0.41 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,297,430K ÷ $927,766K
= 1.40
The fixed asset turnover of Bristow Group Inc has shown a positive trend over the past five reporting periods, indicating an increasing efficiency in generating revenue from its fixed assets. The ratio has consistently improved from 0.41 at the end of December 2019 to 1.40 at the end of December 2023. This suggests that the company has been able to generate $1.40 in revenue for every $1 of fixed assets invested in the most recent period.
The improvement in the fixed asset turnover ratio indicates that Bristow Group Inc is making more effective use of its fixed assets to generate sales. This can be a positive sign of operational efficiency and effective management of fixed assets. The higher ratio also reflects that the company may be utilizing its assets more efficiently, leading to increased productivity and profitability.
Overall, the increasing trend in the fixed asset turnover ratio of Bristow Group Inc signals a positive performance in terms of utilizing its fixed assets to generate revenue over the analyzed period. It suggests that the company has been able to optimize its asset base and improve operational efficiency in generating sales.