Bristow Group Inc (VTOL)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 532,057 | 547,927 | 1,019,270 | 277,471 | 993,395 |
| Inventory | US$ in thousands | 114,509 | 99,863 | 81,886 | 81,674 | 81,674 |
| Inventory turnover | 4.65 | 5.49 | 12.45 | 3.40 | 12.16 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $532,057K ÷ $114,509K
= 4.65
The inventory turnover ratio for Bristow Group Inc varied over the years based on the provided data. As of December 31, 2021, the inventory turnover stood at 12.16, indicating that the company efficiently converted its inventory into sales during that period. However, there was a significant decrease in the ratio by March 31, 2022, to 3.40, suggesting that the company took longer to sell its inventory in the following period.
Subsequently, the inventory turnover ratio improved to 12.45 by December 31, 2022, indicating a return to a more efficient inventory management strategy. However, the ratio decreased to 5.49 by December 31, 2023, suggesting a moderate decrease in the efficiency of inventory turnover.
By December 31, 2024, the inventory turnover ratio further declined to 4.65, indicating that the company took longer to sell its inventory compared to the previous year. Overall, Bristow Group Inc's inventory turnover ratios fluctuated over the analyzed period, showing a mix of strong and weaker inventory management performance.