Bristow Group Inc (VTOL)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	225,930	223,473	217,916	237,986	234,137	212,385	213,583	236,471	278,020	332,633	583,312	779,166	685,794	627,766	343,594	68,384	64,514	38,306	38,001	43,912
Inventory	US$ in thousands	99,863	94,987	90,597	86,376	81,886	79,430	81,362	81,674	88,487	87,855	92,894	92,180	97,422	99,996	110,086	82,419	20,066	20,826	21,004	20,893
Inventory turnover		2.26	2.35	2.41	2.76	2.86	2.67	2.63	2.90	3.14	3.79	6.28	8.45	7.04	6.28	3.12	0.83	3.22	1.84	1.81	2.10

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $225,930K ÷ $99,863K
= 2.26

The inventory turnover ratio for Bristow Group Inc fluctuated over the past five years, ranging from a low of 0.83 to a high of 8.45. The ratio measures how efficiently the company manages its inventory by indicating how many times during a specific period the company sells and replaces its inventory. In general, a higher inventory turnover ratio indicates better efficiency in managing inventory.

In the most recent quarter, the inventory turnover ratio was 2.26, showing a slight decrease compared to the previous quarter. However, it is still within a reasonable range. Looking back over the past few years, there was a noticeable increase in inventory turnover from 2019 to 2021, reaching its peak in the second quarter of 2021 at 8.45, which could indicate improved inventory management practices or increased sales volume.

It is essential for the company to maintain an appropriate balance between inventory levels and sales to avoid stockouts or overstock situations. A consistent and healthy inventory turnover ratio reflects effective inventory management and can contribute to overall financial performance. Bristow Group Inc should continue monitoring and assessing its inventory turnover ratio to ensure efficient operations and optimal financial health.