Bristow Group Inc (VTOL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -6,780 | 9,215 | -15,791 | -56,094 | -3,593 |
| Total assets | US$ in thousands | 1,937,280 | 1,812,000 | 1,824,280 | 1,992,270 | 764,515 |
| ROA | -0.35% | 0.51% | -0.87% | -2.82% | -0.47% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-6,780K ÷ $1,937,280K
= -0.35%
The return on assets (ROA) for Bristow Group Inc has shown fluctuations over the past few reporting periods.
- In December 2023, the ROA was -0.35%, indicating that the company generated a negative return on its assets during that period.
- In December 2022, the ROA improved to 0.51%, signifying a positive return on assets.
- However, in March 2022, the ROA deteriorated to -0.87%, indicating a negative return on assets.
- The ROA further declined to -2.82% in March 2021, displaying a substantial drop in generating returns on assets.
- In December 2019, the ROA was at -0.47%, showing a negative return on assets as well.
Overall, the trend in ROA for Bristow Group Inc fluctuated, displaying inconsistency in effectively utilizing its assets to generate profits over the analyzed periods. It is essential for the company to focus on improving its asset utilization efficiency to enhance profitability and financial performance.