Bristow Group Inc (VTOL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 758,365 | 1,199,590 | 629,953 | 362,678 | -3,278 |
| Total assets | US$ in thousands | 1,937,280 | 1,812,000 | 1,824,280 | 1,992,270 | 764,515 |
| Operating ROA | 39.15% | 66.20% | 34.53% | 18.20% | -0.43% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $758,365K ÷ $1,937,280K
= 39.15%
The operating return on assets (ROA) for Bristow Group Inc has shown significant fluctuation over the past five reporting periods. The trend indicates an improving performance from a negative figure of -0.43% on December 31, 2019, to 39.15% on December 31, 2023. However, there was a decline in the operating ROA from 66.20% on December 31, 2022, to 39.15% on December 31, 2023.
The increase in operating ROA from 18.20% on March 31, 2021, to 34.53% on March 31, 2022, demonstrates a positive trend in the company's operational efficiency and profitability. However, the subsequent decrease in operating ROA to 39.15% on December 31, 2023, suggests a potential challenge in sustaining or further improving operational performance in the near future.
Overall, Bristow Group Inc's operating ROA has shown variability over the analyzed periods, indicating fluctuations in the company's ability to generate profits from its assets through its core operations. Further analysis of the company's operational efficiency and asset utilization may be required to understand the underlying factors driving these fluctuations in operating ROA.