Bristow Group Inc (VTOL)

Short-term

Turnover ratios

Based on the provided data, let's analyze the activity ratios of Bristow Group Inc:

1. Inventory Turnover:
- The inventory turnover ratio measures how many times a company's inventory is sold and replaced within a given period.
- Bristow Group Inc's inventory turnover has fluctuated over the years, ranging from a high of 54.80 in March 31, 2020, to a low of 4.65 in December 31, 2024.
- Generally, a higher inventory turnover indicates efficient inventory management and a lower risk of obsolete inventory.

2. Receivables Turnover:
- The receivables turnover ratio reflects how efficiently a company is able to collect on its credit sales.
- The data shows that receivables turnover information is not available for the periods provided, which might indicate that credit sales information is not disclosed or is not significant for Bristow Group Inc.

3. Payables Turnover:
- The payables turnover ratio assesses how quickly a company pays off its suppliers.
- The data suggests that payables turnover information is not available for the periods provided, which could imply that the company's payment terms and practices are either not disclosed or unchanged during these periods.

4. Working Capital Turnover:
- The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue.
- Bristow Group Inc's working capital turnover has shown an increasing trend over the years, indicating improved efficiency in utilizing its working capital to generate revenue.
- A higher working capital turnover ratio signifies better efficiency in using the company's current assets to support its operations.

In conclusion, while the inventory turnover and working capital turnover ratios provide insights into the company's inventory management and efficient use of working capital, the lack of information on receivables turnover and payables turnover limits a comprehensive assessment of Bristow Group Inc's overall activity efficiency.

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Average number of days

Based on the provided data, Bristow Group Inc's activity ratios can be analyzed as follows:

1. Days of Inventory on Hand (DOH):
- The DOH for Bristow Group Inc has shown fluctuation over the periods analyzed.
- The company's DOH ranged from a low of 6.66 days on March 31, 2020, to a high of 78.56 days on December 31, 2024.
- Overall, the trend in DOH appears to have some variability, suggesting potential inefficiencies in managing inventory levels during certain periods.

2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no data provided for the Days of Sales Outstanding for Bristow Group Inc, which indicates a lack of information to evaluate the effectiveness of the company in collecting accounts receivable.

3. Number of Days of Payables:
- Similarly, there is no data available for the Number of Days of Payables for Bristow Group Inc, making it difficult to assess the company's payment terms and creditor management.

In conclusion, based on the limited data provided, Bristow Group Inc's inventory management has shown some variability in the Days of Inventory on Hand, while information on sales outstanding and payables is unavailable, which hinders a comprehensive analysis of the company's overall activity ratios.

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Long-term

The fixed asset turnover ratio for Bristow Group Inc has shown significant improvement over the years, indicating that the company is generating more revenue for each dollar invested in fixed assets. The ratio increased steadily from 0.20 in March 2020 to 1.32 in June 2022, reflecting efficient utilization of fixed assets to drive sales.

On the other hand, the total asset turnover ratio, which measures how effectively the company is using all its assets to generate revenue, has fluctuated within a narrow range. It started at 0.31 in March 2020, dipped to 0.07 in June 2020, and gradually increased to 0.69 by June 2024. This indicates that although there were fluctuations, the company has overall been able to improve its efficiency in generating sales from its total assets over the years.

Overall, Bristow Group Inc's long-term activity ratios suggest that the company has been successful in utilizing its assets efficiently to drive revenue growth, as evidenced by the improving trends in both fixed asset turnover and total asset turnover ratios.