Bristow Group Inc (VTOL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,415,490 | 1,297,430 | 1,230,090 | 1,185,200 | 1,185,200 |
| Total assets | US$ in thousands | 2,125,250 | 1,937,280 | 1,812,000 | 1,824,280 | 1,824,280 |
| Total asset turnover | 0.67 | 0.67 | 0.68 | 0.65 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,415,490K ÷ $2,125,250K
= 0.67
Total asset turnover is an important financial ratio that measures a company's efficiency in generating sales revenue relative to its total assets. For Bristow Group Inc, the total asset turnover has been relatively stable over the past few years, with values ranging from 0.65 to 0.68. This indicates that for each dollar of total assets, the company is generating sales revenue between $0.65 and $0.68.
A total asset turnover ratio of less than 1 suggests that Bristow Group Inc is not maximizing the utilization of its assets to generate sales. However, the consistency in the ratio over the years indicates that the company has maintained a steady level of efficiency in utilizing its assets to generate revenue.
It is important for Bristow Group Inc to continually evaluate and improve its asset turnover ratio to ensure optimal utilization of resources and increase profitability. A higher total asset turnover ratio would indicate that the company is generating more sales revenue for each dollar invested in assets, reflecting improved efficiency and financial performance.