Bristow Group Inc (VTOL)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 59,569 | 37,262 | 26,942 | 55,377 | 60,917 | 66,856 | 67,899 | 37,024 | -21,736 | -60,773 | -94,296 | -5,190 | 39,761 | -61,006 | -217,209 | -455,945 | -455,394 | -328,074 | -123,334 | 25,253 |
| Long-term debt | US$ in thousands | 534,823 | 531,319 | 539,636 | 538,150 | 499,765 | 492,868 | 502,603 | 512,909 | 517,687 | 518,635 | 525,571 | 527,528 | 568,368 | 580,342 | 582,264 | 515,385 | 141,832 | 158,731 | 158,981 | 159,961 |
| 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 |
| Return on total capital | 4.38% | 2.81% | 1.99% | 4.14% | 4.73% | 5.30% | 5.24% | 2.75% | -1.60% | -4.47% | -6.79% | -0.36% | 2.57% | -3.83% | -13.48% | -48.41% | -75.72% | -53.07% | -19.87% | 4.06% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $59,569K ÷ ($534,823K + $823,687K)
= 4.38%
Bristow Group Inc's return on total capital has shown fluctuations over the period analyzed. The company's return on total capital ranged from a low of -75.72% in March 2020 to a high of 5.30% in September 2022. The return on total capital improved significantly from negative territory in 2021 to positive in the most recent period of December 2023, standing at 4.38%.
The return on total capital reflects the efficiency of the company in generating profits from its total capital employed, including both debt and equity. Bristow Group Inc's performance in utilizing its total capital has shown variability, possibly indicating changes in the company's profitability, operational efficiency, and overall financial health during the period under review.
It is important to further analyze the underlying factors influencing the return on total capital to understand the dynamics driving these fluctuations and to assess the company's ability to generate returns for its investors and creditors.