Bristow Group Inc (VTOL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 823,687 | 787,307 | 835,815 | 897,613 | 459,554 |
| ROE | -0.82% | 1.17% | -1.89% | -6.25% | -0.78% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-6,780K ÷ $823,687K
= -0.82%
The return on equity (ROE) for Bristow Group Inc has displayed fluctuating trends over the past five reporting periods. ROE was negative in recent years, indicating that the company's net income was not sufficient to generate a positive return for shareholders relative to their equity investments. Despite a slight improvement in Dec 31, 2022, ROE remained negative at -0.82% at the end of Dec 31, 2023. This suggests that the company's profitability and efficiency in generating returns for shareholders have not been favorable. Further analysis of the company's financial statements and operational performance is recommended to identify the underlying causes of the negative ROE and to develop strategies to improve shareholder value.