Bristow Group Inc (VTOL)
Working capital 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 current assets | US$ in thousands | 563,583 | 493,125 | 579,885 | 585,748 | 195,861 |
| Total current liabilities | US$ in thousands | 309,789 | 285,590 | 287,755 | 305,120 | 50,776 |
| Working capital turnover | 5.11 | 5.83 | 4.06 | 4.20 | 1.56 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,297,430K ÷ ($563,583K – $309,789K)
= 5.11
The working capital turnover ratio for Bristow Group Inc has shown variability over the past five periods, ranging from a low of 1.56 at the end of December 2019 to a high of 5.83 at the end of December 2022. The ratio of 5.11 at the end of December 2023 indicates that the company generated $5.11 in net sales revenue for every $1 of working capital during that period. This suggests that Bristow Group Inc efficiently utilized its working capital to generate revenue in 2023, although the ratio has decreased from the previous year. Overall, the trend in the working capital turnover ratio shows fluctuations, indicating potential changes in the company's efficiency in managing its working capital to drive sales.