Bristow Group Inc (VTOL)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 75,623 | 100,392 | 108,892 | 41,684 | 6,499 | -8,796 | -23,379 | 13,217 | 21,949 | 20,614 | 27,146 | 28,977 | 26,922 | 19,338 | 3,454 | -11,106 | -12,769 | 288,300 | 287,413 | 275,968 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 891,707 | 899,170 | 849,116 | 820,691 | 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 | 449,650 |
| Return on total capital | 8.48% | 11.16% | 12.82% | 5.08% | 0.79% | -1.11% | -2.87% | 1.65% | 2.79% | 2.68% | 3.42% | 3.47% | 3.19% | 2.30% | 0.40% | -1.24% | -1.30% | 28.53% | 27.92% | 61.37% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $75,623K ÷ ($—K + $891,707K)
= 8.48%
Based on the data provided for Bristow Group Inc's return on total capital from March 31, 2020, to December 31, 2024, we observe fluctuations in the company's performance in utilizing its total capital efficiently.
The return on total capital shows a strong performance in March 2020 at 61.37%, indicating that Bristow Group Inc generated substantial returns compared to the total capital invested in that period. However, the ratio declined significantly by December 2020 to -1.30%, signifying a negative return relative to the total capital employed.
Subsequently, the return on total capital remained negative until June 2021 when it improved slightly to 0.40%. The company's performance continued to show a positive trend in the following quarters, reaching its peak in June 2024 at 12.82%.
Overall, Bristow Group Inc's return on total capital experienced fluctuations over the period, with both positive and negative values. It is essential for the company to focus on sustaining positive returns to ensure efficient utilization of its total capital for generating value for its investors and stakeholders.