Bristow Group Inc (VTOL)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 845,569 | 826,111 | 806,405 | 748,619 | 741,694 | 767,255 | 759,173 | 712,262 | 626,931 | 531,983 | 265,634 | 33,953 | -42,715 | -160,642 | -108,920 | -3,162 | -3,278 | -9,617 | 30,267 | 22,567 |
| Total assets | US$ in thousands | 1,937,280 | 1,889,690 | 1,895,950 | 1,898,520 | 1,812,000 | 1,763,340 | 1,842,370 | 1,824,280 | 1,864,790 | 1,861,240 | 1,913,650 | 1,992,270 | 2,135,780 | 2,212,380 | 2,251,790 | 1,945,260 | 764,515 | 767,075 | 764,884 | 765,841 |
| Operating ROA | 43.65% | 43.72% | 42.53% | 39.43% | 40.93% | 43.51% | 41.21% | 39.04% | 33.62% | 28.58% | 13.88% | 1.70% | -2.00% | -7.26% | -4.84% | -0.16% | -0.43% | -1.25% | 3.96% | 2.95% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $845,569K ÷ $1,937,280K
= 43.65%
The operating return on assets (operating ROA) for Bristow Group Inc has shown a fluctuating trend over the past few periods. From December 31, 2019 to June 30, 2021, the operating ROA ranged from -7.26% to 13.88%, indicating inconsistent performance. However, there was a significant improvement in the operating ROA from June 30, 2021 to December 31, 2023, with values increasing steadily from 13.88% to 43.65%.
This positive trend indicates that Bristow Group Inc has been able to generate higher operating income relative to its total assets in recent periods, reflecting improved operational efficiency and profitability. The company's management may have implemented strategies to enhance asset utilization or streamline operations, resulting in the improved operating ROA.
Overall, the increasing trend in the operating ROA suggests that Bristow Group Inc's operational performance and asset management have been on an upward trajectory, which is a positive indicator for the company's financial health.