Bristow Group Inc (VTOL)
Total asset 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 |
| Total assets | US$ in thousands | 1,937,280 | 1,812,000 | 1,824,280 | 1,992,270 | 764,515 |
| Total asset turnover | 0.67 | 0.67 | 0.65 | 0.59 | 0.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,297,430K ÷ $1,937,280K
= 0.67
Bristow Group Inc's total asset turnover has shown a consistent trend of improvement over the past five quarters, indicating that the company is utilizing its assets more effectively to generate revenue. The total asset turnover ratio increased from 0.30 at the end of December 2019 to 0.67 at the end of December 2023. This suggests that, on average, Bristow Group Inc generated $0.67 in revenue for every $1 worth of assets held during the latest quarter.
The steady increase in total asset turnover reflects the company's efficient management of its assets to generate sales. A higher total asset turnover ratio generally indicates better efficiency in asset utilization, as the company is able to generate more revenue from a lower level of assets.
Overall, the trend in Bristow Group Inc's total asset turnover ratio indicates improving efficiency in generating revenue from its assets, which could bode well for the company's financial performance and profitability in the future.