Bristow Group Inc (VTOL)
Working capital 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 current assets | US$ in thousands | 619,458 | 594,367 | 570,577 | 524,444 | 563,583 | 557,823 | 537,777 | 525,351 | 493,125 | 524,456 | 582,786 | 579,885 | 576,464 | 559,479 | 577,395 | 585,748 | 675,889 | 672,745 | 661,088 | 193,892 |
| Total current liabilities | US$ in thousands | 325,900 | 324,180 | 306,113 | 303,415 | 309,789 | 325,704 | 293,817 | 274,412 | 285,590 | 294,408 | 337,828 | 287,755 | 288,427 | 279,123 | 293,926 | 305,120 | 325,891 | 351,231 | 358,226 | 48,097 |
| Working capital turnover | 4.82 | 5.18 | 5.19 | 6.03 | 5.11 | 5.48 | 5.09 | 4.88 | 5.83 | 5.18 | 4.84 | 4.06 | 4.14 | 4.30 | 4.26 | 4.20 | 2.69 | 0.48 | 0.56 | 1.59 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,415,491K ÷ ($619,458K – $325,900K)
= 4.82
Working capital turnover measures how efficiently a company is using its working capital to generate sales revenue. Looking at the data provided for Bristow Group Inc from March 31, 2020, to December 31, 2024, we can observe fluctuations in the working capital turnover ratio.
The working capital turnover ratio for Bristow Group Inc has shown a fluctuating trend over the period, starting at 1.59 in March 2020, dropping to as low as 0.48 in September 2020, and then increasing significantly to 6.03 by March 2024. This indicates varying levels of efficiency in managing working capital during the analyzed period.
The company managed to improve its working capital turnover significantly from December 2022 (5.83) to March 2023 (4.88), demonstrating a positive trend in utilizing working capital resources efficiently. However, there was a slight decrease by December 2024, with the ratio standing at 4.82.
Overall, Bristow Group Inc's working capital turnover ratio reflects the company's ability to generate revenue relative to its working capital levels. The increasing trend observed from 2020 to 2024 suggests improved efficiency in utilizing working capital to support sales growth, although the slight dip in the last quarter of 2024 would warrant further monitoring to ensure sustained efficiency in working capital management.