Bristow Group Inc (VTOL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 823,687 | 795,541 | 813,325 | 798,838 | 787,307 | 769,232 | 793,786 | 835,815 | 844,703 | 839,610 | 862,709 | 897,613 | 979,624 | 1,010,520 | 1,029,510 | 426,485 | 459,554 | 459,492 | 461,756 | 462,045 |
| ROE | -0.82% | -0.73% | 0.78% | 1.50% | 1.17% | 2.10% | 0.30% | -1.89% | -6.40% | -13.24% | -16.43% | -6.25% | -2.12% | -11.49% | -24.40% | -115.35% | -106.77% | -74.86% | -32.42% | 1.99% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-6,780K ÷ $823,687K
= -0.82%
The return on equity (ROE) for Bristow Group Inc has been quite volatile over the past few quarters. The ROE was negative in several periods, indicating that the company's net income was insufficient to generate a positive return for shareholders.
Specifically, the ROE was -0.82% in December 2023, showing a slight improvement from the previous quarter. However, it remained negative, indicating ongoing challenges in generating profit relative to shareholder equity.
In contrast, the ROE increased to 1.50% in March 2023, showing a positive return for shareholders. This improvement was further reinforced with a 0.78% ROE in June 2023. However, the ROE fluctuated in subsequent quarters, with negative ROE values in September and December 2023.
Overall, the trend in Bristow Group Inc's ROE indicates inconsistency and challenges in consistently generating profits relative to the equity invested by shareholders. Further analysis of the company's financial performance and operational efficiency may be necessary to address the fluctuations in ROE and improve long-term shareholder value.