Bristow Group Inc (VTOL)
Payables 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 |
| Payables | US$ in thousands | 87,885 | 73,267 | 79,682 | 75,212 | 89,610 | 73,371 | 87,249 | 63,497 | 60,305 | 60,081 | 63,844 | 69,542 | 63,161 | 62,668 | 61,983 | 52,110 | — | — | — | — |
| Payables turnover | 2.57 | 3.05 | 2.73 | 3.16 | 2.61 | 2.89 | 2.45 | 3.72 | 4.61 | 5.54 | 9.14 | 11.20 | 10.86 | 10.02 | 5.54 | 1.31 | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $225,930K ÷ $87,885K
= 2.57
The payables turnover ratio measures how efficiently a company manages its accounts payable by analyzing how many times a company pays off its suppliers during a certain period. A higher payables turnover ratio indicates that the company is paying its suppliers more frequently.
Based on the data provided for Bristow Group Inc, the payables turnover ratio has fluctuated over the past years. In recent periods, the payables turnover ratio has ranged from 2.45 to 3.72, showing moderate efficiency in managing its accounts payable.
However, there was a significant spike in the payables turnover ratio in the most recent quarter, reaching 11.20, which may indicate that Bristow Group Inc has accelerated its payment to suppliers during that period. On the contrary, there are quarters where the payables turnover ratio was notably lower, such as 1.31 in the first quarter of 2020, which suggests a slower payment cycle during that period.
Overall, it is important for Bristow Group Inc to strike a balance in managing its payables turnover to maintain good relationships with suppliers while ensuring efficient cash flow management. A consistent and optimal payables turnover ratio can contribute to the company's financial health and stability.