Bristow Group Inc (VTOL)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,297,429 | 1,273,057 | 1,242,237 | 1,224,591 | 1,209,968 | 1,192,025 | 1,186,339 | 1,185,204 | 1,191,137 | 1,205,415 | 1,208,471 | 1,178,062 | 941,786 | 832,813 | 846,393 | 909,376 | 903,613 | 754,705 | 491,095 | 215,647 |
| Property, plant and equipment | US$ in thousands | 927,766 | 882,270 | 900,798 | 905,415 | 915,251 | 867,521 | 900,756 | 942,608 | 952,582 | 961,602 | 974,657 | 1,004,560 | 1,028,630 | 1,029,530 | 1,060,080 | 876,754 | 556,899 | 566,850 | 582,147 | 590,808 |
| Fixed asset turnover | 1.40 | 1.44 | 1.38 | 1.35 | 1.32 | 1.37 | 1.32 | 1.26 | 1.25 | 1.25 | 1.24 | 1.17 | 0.92 | 0.81 | 0.80 | 1.04 | 1.62 | 1.33 | 0.84 | 0.37 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,297,429K ÷ $927,766K
= 1.40
The fixed asset turnover ratio for Bristow Group Inc has exhibited fluctuation over the past 20 quarters. The ratio measures how efficiently the company generates revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
From the data provided, we can see that the fixed asset turnover ratio ranged from a low of 0.37 in March 2019 to a high of 1.62 in December 2019. This variability suggests that Bristow Group Inc has experienced changes in its ability to generate revenue from its fixed assets over the periods analyzed.
In more recent quarters, the fixed asset turnover ratio has shown a gradual increase since the low point in March 2020. This improvement indicates that the company may have been more effective in utilizing its fixed assets to drive revenue growth.
Overall, the trend in Bristow Group Inc's fixed asset turnover ratio suggests that the company has made some progress in optimizing the use of its fixed assets to generate sales, with the ratio generally trending upwards in recent periods. However, it is important to monitor this ratio consistently to ensure sustained efficiency in asset utilization.