Bristow Group Inc (VTOL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -6,780 | -5,819 | 6,382 | 12,006 | 9,215 | 16,136 | 2,393 | -15,791 | -54,066 | -111,131 | -141,767 | -56,093 | -20,734 | -116,125 | -251,238 | -491,961 | -490,675 | -343,957 | -149,694 | 9,173 |
| 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 |
| ROA | -0.35% | -0.31% | 0.34% | 0.63% | 0.51% | 0.92% | 0.13% | -0.87% | -2.90% | -5.97% | -7.41% | -2.82% | -0.97% | -5.25% | -11.16% | -25.29% | -64.18% | -44.84% | -19.57% | 1.20% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-6,780K ÷ $1,937,280K
= -0.35%
Bristow Group Inc's return on assets (ROA) has fluctuated significantly over the past few years. The company experienced negative ROA values for most of the periods, indicating inefficiency in generating profits relative to its assets. The ROA improved slightly in the more recent quarters, with positive values observed in some periods. However, these positive ROA figures remain relatively low, suggesting that the company may still be struggling to effectively utilize its assets to generate income.
Overall, Bristow Group Inc's ROA performance has been volatile and generally low, reflecting challenges in optimizing asset productivity and profitability. Further analysis of the company's operational efficiency and asset management strategies may be warranted to address these issues and improve financial performance.