Bristow Group Inc (VTOL)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 78.56 | 66.52 | 29.32 | 107.44 | 30.01 |
| Days of sales outstanding (DSO) | days | — | — | — | 0.55 | — |
| Number of days of payables | days | — | — | — | 83.53 | — |
| Cash conversion cycle | days | 78.56 | 66.52 | 29.32 | 24.47 | 30.01 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 78.56 + — – —
= 78.56
The cash conversion cycle of Bristow Group Inc has shown fluctuations over the years based on the provided data.
As of December 31, 2021, the company had a cash conversion cycle of 30.01 days, indicating that it took approximately 30 days on average to convert its investments in inventory and receivables into cash.
By March 31, 2022, the cash conversion cycle improved to 24.47 days, suggesting the company managed its working capital more efficiently during that period.
The cycle increased to 29.32 days as of December 31, 2022, before experiencing a significant jump to 66.52 days by December 31, 2023. This increase may signal potential challenges in managing inventory, accounts receivable, and accounts payable effectively.
By the end of December 31, 2024, the cash conversion cycle further extended to 78.56 days, indicating a prolonged period taken to convert investments into cash.
Overall, the trends in Bristow Group Inc's cash conversion cycle demonstrate fluctuations and potential areas for improvement in working capital management to enhance efficiency and liquidity in the future.