Bristow Group Inc (VTOL)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 1,945,260 | 764,515 | 767,075 | 764,884 | 765,841 |
| Total asset turnover | 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 | 0.38 | 0.38 | 0.47 | 1.18 | 0.98 | 0.64 | 0.28 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,297,429K ÷ $1,937,280K
= 0.67
The total asset turnover ratio for Bristow Group Inc has displayed some fluctuations over the past few years. From the data provided, the total asset turnover ratio ranged from a low of 0.28 in March 2019 to a high of 1.18 in December 2019. In recent periods, the total asset turnover ratio has been hovering around 0.65 to 0.67, indicating that the company is generating approximately $0.65 to $0.67 in revenue for every dollar of assets it holds.
A total asset turnover ratio of less than 1 suggests that the company is not efficiently utilizing its assets to generate sales. However, it is essential to consider the industry and company-specific factors when interpreting this ratio. The ratios below 1 may be due to the nature of the industry, where companies require significant assets to generate revenue.
Overall, while the total asset turnover ratio has varied over time, it is crucial for Bristow Group Inc to continue monitoring and improving this ratio to ensure optimal asset utilization and operational efficiency.