Bristow Group Inc (VTOL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,297,429 | 1,273,057 | 1,242,237 | 1,224,591 | 1,209,968 | 1,192,025 | 1,186,339 | 1,185,204 | 1,191,137 | 1,205,415 | 1,208,471 | 1,178,062 | 941,786 | 832,813 | 846,393 | 909,376 | 903,613 | 754,705 | 491,095 | 215,647 |
| Receivables | US$ in thousands | 208,417 | 190,271 | -77 | -75 | -1,847 | -1,840 | -1,841 | 1,800 | -2,049 | -2,506 | -2,200 | 2,600 | — | — | 8,088 | 2,159 | 2,721 | 31,312 | 30,493 | 34,732 |
| Receivables turnover | 6.23 | 6.69 | — | — | — | — | — | 658.45 | — | — | — | 453.10 | — | — | 104.65 | 421.20 | 332.09 | 24.10 | 16.11 | 6.21 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,297,429K ÷ $208,417K
= 6.23
Bristow Group Inc's receivables turnover has shown fluctuations over the past few quarters. As of December 31, 2023, the receivables turnover ratio was 6.23, indicating that the company collected its accounts receivable approximately 6.23 times during the year.
There was an improvement in receivables turnover from the previous quarter, where the ratio was 6.69 as of September 30, 2023. However, there is missing data for the receivables turnover ratio for the quarters ending June 30, 2023, and March 31, 2023.
In comparison to the ratios from previous years, it is notable that the receivables turnover ratio was extremely high at 658.45 as of March 31, 2022. This could indicate a significant improvement in the efficiency of collecting accounts receivable during that period.
Overall, the trend in the receivables turnover ratio for Bristow Group Inc shows variability, with some significant fluctuations in performance over the quarters reviewed. Further analysis and comparison with industry standards may provide additional insights into the company's accounts receivable management efficiency.