Bristow Group Inc (VTOL)
Working capital 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 current assets | US$ in thousands | 619,458 | 563,583 | 493,125 | 579,885 | 579,885 |
| Total current liabilities | US$ in thousands | 325,900 | 309,789 | 285,590 | 287,755 | 287,755 |
| Working capital turnover | 4.82 | 5.11 | 5.93 | 4.06 | 4.06 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,415,490K ÷ ($619,458K – $325,900K)
= 4.82
The working capital turnover of Bristow Group Inc has shown stability and improvement over the years. In December 31, 2021 and March 31, 2022, the working capital turnover was recorded at 4.06. This indicates that the company generated revenue 4.06 times for every dollar of working capital invested during that period.
There was a notable increase in efficiency in managing working capital in December 31, 2022, with a turnover ratio of 5.93, suggesting that the company improved its ability to generate revenue from the working capital. However, in December 31, 2023 and December 31, 2024, the working capital turnover dropped slightly to 5.11 and 4.82 respectively, but remained at a relatively healthy level.
Overall, Bristow Group Inc has maintained a strong working capital turnover ratio, reflecting efficient utilization of working capital to generate revenue. The company's ability to effectively manage its working capital over the years indicates a good balance between liquidity and operational efficiency.