Bristow Group Inc (VTOL)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	532,057	568,832	689,999	815,102	929,806	1,047,157	1,035,924	889,744	882,908	871,581	864,034	993,395	994,317	1,000,360	1,012,169	977,797	769,057	981,535	1,002,924	1,092,716
Inventory	US$ in thousands	114,509	111,380	103,092	102,358	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	19,941
Inventory turnover		4.65	5.11	6.69	7.96	9.31	11.02	11.43	10.30	10.78	10.97	10.62	12.16	11.24	11.39	10.90	10.61	7.89	9.82	9.11	54.80

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $532,057K ÷ $114,509K
= 4.65

Inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory. It indicates the number of times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio generally suggests effective inventory management and faster sales cycles.

Analyzing Bristow Group Inc's inventory turnover over a five-year period indicates fluctuations in their inventory management efficiency. The inventory turnover ratio decreased from 54.80 in March 2020 to 4.65 in December 2024. This decline may indicate challenges in managing inventory levels, potentially leading to excess or obsolete inventory.

It is important to note that a significantly high inventory turnover ratio, as seen in March 2020 for Bristow Group Inc, may also raise concerns about stockouts or difficulties in fulfilling customer demand. On the other hand, a very low inventory turnover ratio, as observed in December 2024, could point towards liquidity issues or inefficient inventory control.

Overall, a downward trend in inventory turnover over the years for Bristow Group Inc suggests the need for a closer examination of their inventory management practices and potential improvements to optimize inventory levels and enhance operational efficiency.