Bristow Group Inc (VTOL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 269,532 | 5,187 | 277,471 | 403,609 | 44,380 |
| Inventory | US$ in thousands | 99,863 | 81,886 | 81,674 | 92,180 | 20,066 |
| Inventory turnover | 2.70 | 0.06 | 3.40 | 4.38 | 2.21 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $269,532K ÷ $99,863K
= 2.70
The inventory turnover ratio for Bristow Group Inc has fluctuated over the past five years. In December 2019, the inventory turnover was 2.21, indicating that the company turned over its inventory approximately 2.21 times during that year. This ratio improved in March 2021 to 4.38, suggesting a more efficient management of inventory. However, by December 2022, the inventory turnover significantly dropped to 0.06, which may indicate potential issues with inventory management or excess inventory levels.
The inventory turnover ratio rebounded to 2.70 by December 2023, showing an improvement from the previous year but still below the levels observed in March 2021. Comparing to the most recent interim data in March 2022, where the ratio was 3.40, the current turnover rate is slightly lower. This suggests that Bristow Group Inc may be taking slightly longer to sell its inventory compared to the earlier period in March 2022.
Overall, while there have been fluctuations in the inventory turnover ratio for Bristow Group Inc over the years, the recent uptick in the ratio in December 2023 indicates improved efficiency in managing and selling inventory compared to the previous year. However, the company should continue to monitor and potentially optimize its inventory management to maintain or further improve its inventory turnover efficiency.