Bristow Group Inc (VTOL)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 79.23% | 99.57% | 76.59% | 65.74% | 80.37% |
| Operating profit margin | 58.45% | 99.14% | 53.15% | 30.79% | -1.45% |
| Pretax margin | 1.40% | 1.65% | -0.38% | -4.79% | -1.91% |
| Net profit margin | -0.52% | 0.76% | -1.33% | -4.76% | -1.59% |
Bristow Group Inc's profitability ratios have exhibited varying trends over the past five financial periods.
The gross profit margin saw fluctuations, decreasing from 80.37% in 2019 to 65.74% in 2021, then gradually increasing to 99.57% in 2022 before declining slightly to 79.23% in 2023. This suggests that the company's ability to control direct production costs improved significantly in 2022 but was slightly challenged in 2023.
The operating profit margin shows a similar pattern, with a significant improvement from -1.45% in 2019 to 30.79% in 2021, and a peak of 99.14% in 2022 before dropping to 58.45% in 2023. This indicates that operational efficiency peaked in 2022 but slightly decreased in 2023.
The pretax margin remained mostly positive, with minor fluctuations. It increased from -1.91% in 2019 to -0.38% in 2022, before declining to 1.65% in 2022 and further to 1.40% in 2023. This suggests that the company has been managing its pre-tax earnings better over time.
However, the net profit margin showed less consistent performance, fluctuating between negative and positive figures. It improved from -1.59% in 2019 to -4.76% in 2021, then increased to 0.76% in 2022 before turning negative again at -0.52% in 2023. This indicates that the company's ability to generate profit after all expenses have been deducted showed some improvement in 2022 but faced challenges in 2023.
In conclusion, while Bristow Group Inc's profitability ratios have shown some improvements in certain periods, the company has faced challenges in maintaining consistent profitability levels over the analyzed years. Further analysis of the underlying factors influencing these fluctuations would be necessary to provide a more comprehensive assessment of the company's financial performance.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 39.15% | 66.20% | 34.53% | 18.20% | -0.43% |
| Return on assets (ROA) | -0.35% | 0.51% | -0.87% | -2.82% | -0.47% |
| Return on total capital | 4.38% | 93.20% | 2.75% | -0.36% | 1.59% |
| Return on equity (ROE) | -0.82% | 1.17% | -1.89% | -6.25% | -0.78% |
Bristow Group Inc's profitability ratios have shown significant variability over the past few years. The Operating ROA has fluctuated notably, with a peak of 66.20% in Dec 31, 2022, and a subsequent decrease to 39.15% in Dec 31, 2023. This indicates that the company's operating income generated from its assets has been inconsistent.
The overall ROA has also displayed inconsistency, ranging from a positive 0.51% in Dec 31, 2022, to a negative -2.82% in Mar 31, 2021. This suggests that the company's net income in relation to its total assets has varied widely in recent years.
Return on total capital has been volatile, with a significant jump to 93.20% in Dec 31, 2022, but a subsequent decrease to 4.38% in Dec 31, 2023. This ratio reflects the company's ability to generate profits from its total capital employed, including both debt and equity.
The return on equity (ROE) has also shown fluctuation, with a peak of 1.17% in Dec 31, 2022, and a subsequent decline to -0.82% in Dec 31, 2023. ROE measures the company's ability to generate a return on the shareholders' equity invested in the business.
Overall, the variability in these profitability ratios suggests that Bristow Group Inc has experienced challenges in consistently generating profits in recent years, indicating potential operational and financial performance issues that may require further analysis and attention.