Bristow Group Inc (VTOL)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 59,569 | 1,199,590 | 37,024 | -5,190 | 9,550 |
| Long-term debt | US$ in thousands | 534,823 | 499,765 | 512,909 | 527,528 | 141,832 |
| Total stockholders’ equity | US$ in thousands | 823,687 | 787,307 | 835,815 | 897,613 | 459,554 |
| Return on total capital | 4.38% | 93.20% | 2.75% | -0.36% | 1.59% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $59,569K ÷ ($534,823K + $823,687K)
= 4.38%
The return on total capital for Bristow Group Inc has exhibited significant fluctuations over the past five periods. The return on total capital was notably high at 93.20% as of December 31, 2022, indicating effective utilization of both debt and equity to generate profits. However, this figure dropped significantly to 4.38% as of December 31, 2023.
The return on total capital was positive but relatively low at 2.75% as of March 31, 2022. It then turned negative, standing at -0.36% as of March 31, 2021, signaling that the company's capital investments were not generating adequate returns during that period.
The return on total capital improved to 1.59% as of December 31, 2019, suggesting a slight enhancement in the company's capital efficiency compared to the preceding period. Overall, the fluctuations in Bristow Group Inc's return on total capital indicate varying levels of effectiveness in generating returns from the capital invested in the business over the analyzed periods.