Bristow Group Inc (VTOL)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,297,430 | 1,209,970 | 1,185,200 | 1,178,060 | 226,059 |
| Receivables | US$ in thousands | 208,417 | -1,847 | 1,800 | 2,600 | 2,721 |
| Receivables turnover | 6.23 | — | 658.44 | 453.10 | 83.08 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,297,430K ÷ $208,417K
= 6.23
The receivables turnover ratio for Bristow Group Inc has shown fluctuating trends over the past few periods.
The receivables turnover ratio was not available for the fiscal year ending December 31, 2022.
In the most recent period ending December 31, 2023, the receivables turnover ratio was 6.23, indicating that the company collected its accounts receivables approximately 6.23 times during the year. This may suggest that Bristow Group Inc has improved its efficiency in collecting receivables compared to the previous periods.
The receivables turnover ratio for the quarter ending March 31, 2022, was significantly high at 658.44, which could be due to specific factors such as seasonal variations or one-time events. This may not be sustainable in the long term.
In the quarters ending March 31, 2021, and December 31, 2019, the receivables turnover ratios were 453.10 and 83.08, respectively. These figures indicate a notable improvement in the collection of receivables compared to the earlier period.
Overall, a higher receivables turnover ratio is generally preferred as it implies quicker collection of receivables. It is essential for Bristow Group Inc to maintain effective credit management practices to ensure timely collection of outstanding receivables and support its cash flow position.