Bristow Group Inc (VTOL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.07 | 0.06 | 4.37 | 5.80 | — | |
| Number of days of payables | days | 119.01 | 6,305.70 | 83.53 | 62.89 | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.07
= 119.01
The number of days of payables for Bristow Group Inc has shown fluctuations over the past few years. From March 31, 2021, to December 31, 2023, the trend indicates an improvement in managing payables. The number of days of payables decreased from 62.89 days to 119.01 days, which indicates that the company took fewer days to pay its suppliers and vendors by the end of December 2023. However, the significant spike to 6,305.70 days as of December 31, 2022, indicates a potential issue with payment management during that period. It is essential for the company to closely monitor its payment cycle and continue to improve its payables management to ensure healthy supplier relationships and efficient cash flow management.