Bristow Group Inc (VTOL)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,071,499 | 1,049,584 | 1,024,321 | 986,605 | 975,831 | 979,640 | 972,756 | 948,733 | 913,117 | 872,782 | 625,159 | 398,896 | 255,992 | 102,102 | 140,543 | 201,040 | 199,147 | 190,786 | 186,792 | 183,129 |
| Revenue (ttm) | US$ in thousands | 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 | 832,813 | 846,393 | 909,376 | 903,613 | 754,705 | 491,095 | 215,647 |
| Gross profit margin | 82.59% | 82.45% | 82.46% | 80.57% | 80.65% | 82.18% | 82.00% | 80.05% | 76.66% | 72.41% | 51.73% | 33.86% | 27.18% | 12.26% | 16.60% | 22.11% | 22.04% | 25.28% | 38.04% | 84.92% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,071,499K ÷ $1,297,429K
= 82.59%
The gross profit margin of Bristow Group Inc has displayed fluctuations over the past few quarters. It reached a high of 82.59% in December 2023, indicating that for every dollar of revenue generated, the company retained approximately 82.59 cents after accounting for the cost of goods sold. This demonstrates strong profitability and efficiency in managing production costs.
Although the margin dipped slightly in the following quarters, it remained above 80% until March 2023. However, in March 2021, the gross profit margin decreased significantly to 27.18%, indicating a decline in profitability and efficiency in managing production costs.
Subsequently, there was a notable recovery in the gross profit margin in the following quarters, with a gradual improvement seen until December 2022.
It is essential to note the significant improvement in profitability compared to the low points in early 2021. The recent levels of gross profit margins above 80% suggest that the company has managed to enhance its cost control and pricing strategies effectively, resulting in healthier margins.
Overall, the trend in Bristow Group Inc's gross profit margin reflects periods of both strength and challenges in maintaining profitability and managing production costs efficiently. Continued monitoring and analysis of this metric will be crucial in understanding the company's operational performance and financial health.