Bristow Group Inc (VTOL)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 78.56 | 71.47 | 54.53 | 45.84 | 39.20 | 33.11 | 31.92 | 35.43 | 33.85 | 33.26 | 34.37 | 30.01 | 32.48 | 32.06 | 33.50 | 34.41 | 46.24 | 37.19 | 40.06 | 6.66 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 78.56 | 71.47 | 54.53 | 45.84 | 39.20 | 33.11 | 31.92 | 35.43 | 33.85 | 33.26 | 34.37 | 30.01 | 32.48 | 32.06 | 33.50 | 34.41 | 46.24 | 37.19 | 40.06 | 6.66 |
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 variability over the periods indicated in the dataset. The cash conversion cycle is a measure of how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
Looking at the data provided, the trend of the cash conversion cycle for Bristow Group Inc can be observed as follows:
- The cycle started at a relatively low level of 6.66 days on March 31, 2020.
- There was a significant increase in the cycle to 78.56 days by December 31, 2024, indicating a longer period to convert investments into cash during that time span.
- The cycle fluctuated throughout the periods, with some quarters showing improvements and others showing deteriorations.
- Overall, the cash conversion cycle seems to have peaked towards the end of the dataset, which may indicate potential challenges in managing working capital efficiently.
It is important for Bristow Group Inc to closely monitor its cash conversion cycle to ensure that it remains at an optimal level. A longer cash conversion cycle can tie up resources and negatively impact the company's financial performance, while a shorter cycle can improve liquidity and overall operational efficiency. Further analysis and comparison with industry benchmarks may provide more insights into the company's working capital management practices.