Bristow Group Inc (VTOL)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,415,491 | 1,399,899 | 1,372,867 | 1,332,501 | 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 | 155,259 | 168,839 | 231,822 |
| Total assets | US$ in thousands | 2,125,250 | 2,088,310 | 1,977,260 | 1,915,780 | 1,937,280 | 1,889,690 | 1,895,950 | 1,898,520 | 1,812,000 | 1,763,340 | 1,842,370 | 1,824,280 | 1,864,790 | 1,861,240 | 1,913,650 | 1,992,270 | 2,135,780 | 2,212,380 | 2,251,790 | 752,510 |
| Total asset turnover | 0.67 | 0.67 | 0.69 | 0.70 | 0.67 | 0.67 | 0.66 | 0.65 | 0.67 | 0.68 | 0.64 | 0.65 | 0.64 | 0.65 | 0.63 | 0.59 | 0.44 | 0.07 | 0.07 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,415,491K ÷ $2,125,250K
= 0.67
The total asset turnover of Bristow Group Inc has shown fluctuating trends over the last few years, starting at a relatively low level of 0.31 as of March 31, 2020, reaching a peak of 0.70 as of March 31, 2024. Total asset turnover measures the efficiency of a company in generating revenue from its total assets.
The company experienced a significant increase in total asset turnover from March 2020 to March 2021, indicating an improvement in asset utilization efficiency. However, from June 2021 onwards, the total asset turnover has remained relatively stable, ranging between 0.63 and 0.70.
A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue. The consistent levels observed post-March 2021 could indicate that Bristow Group Inc has maintained a good level of asset efficiency in recent periods.
Overall, based on the provided data, Bristow Group Inc's total asset turnover has shown variability but has generally trended upwards, reflecting improved asset utilization over time.