Bristow Group Inc (VTOL)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 130,532 | 120,378 | 116,782 | 77,594 | 38,192 | 28,092 | 2,582 | 13,217 | 21,949 | 17,285 | 703 | -27,737 | -47,671 | -91,069 | -101,249 | -102,897 | -78,824 | 44,176 | 4,735 | -3,128 |
| Total assets | US$ in thousands | 2,125,250 | 2,088,310 | 1,977,260 | 1,915,780 | 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 | 752,510 |
| Operating ROA | 6.14% | 5.76% | 5.91% | 4.05% | 1.97% | 1.49% | 0.14% | 0.70% | 1.21% | 0.98% | 0.04% | -1.52% | -2.56% | -4.89% | -5.29% | -5.16% | -3.69% | 2.00% | 0.21% | -0.42% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $130,532K ÷ $2,125,250K
= 6.14%
Operating return on assets (Operating ROA) is a crucial financial ratio that indicates the efficiency of a company in generating profits from its operating activities relative to its total assets.
For Bristow Group Inc, the trend in Operating ROA over the specified periods shows fluctuations. The ratio was negative in most quarters from March 2020 to June 2022, indicating that the company was not effectively utilizing its assets to generate operating income during those periods.
However, from September 2022 onwards, there has been a noticeable improvement in the Operating ROA, with the ratio turning positive and showing a consistent upward trend. This suggests that Bristow Group Inc has been able to enhance its operational efficiency and create more value from its assets.
The Operating ROA peaked at 6.14% in December 2024, indicating that the company was achieving a higher operating income relative to its asset base at that point in time. This positive trend suggests that Bristow Group Inc may have implemented successful operational strategies or improved asset utilization efficiency to generate higher returns.
Overall, the positive movement in Operating ROA from negative values to positive values reflects an improvement in Bristow Group Inc's operational performance and efficiency in generating profits from its assets over the analyzed period.