Bristow Group (Bristow Group) Change In Receivables : $-39 Mil (TTM As of Mar. 2024)

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What is Bristow Group Change In Receivables?

Bristow Group's change in receivables for the quarter that ended in Mar. 2024 was $-5 Mil. It means Bristow Group's Accounts Receivable increased by $5 Mil from Dec. 2023 to Mar. 2024 .

Bristow Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-27 Mil. It means Bristow Group's Accounts Receivable increased by $27 Mil from Mar. 2022 to Dec. 2023 .

Bristow Group's Accounts Receivable for the quarter that ended in Mar. 2024 was $235 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Bristow Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bristow Group's liquidation value for the three months ended in Mar. 2024 was $-728 Mil.

Bristow Group Change In Receivables Historical Data

The historical data trend for Bristow Group's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bristow Group Change In Receivables Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Change In Receivables

19.20

39.86

10.58

-27.02

Bristow Group Quarterly Data
	Mar19	Jun19	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial														7.07	-0.63	-20.88	-12.59	-5.03

Bristow Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39 Mil.

Bristow Group (NYSE:VTOL) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Bristow Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	234.914	/	337.094	*	91
=	63.59

2. In Ben Graham's calculation of liquidation value, Bristow Group's accounts receivable are only considered to be worth 75% of book value:

Bristow Group's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	140.63	-	1095.566	+	0.75 * 234.914	+	0.5 * 102.358
=	-728

Bristow Group Change In Receivables Related Terms

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Bristow Group (Bristow Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bristow Group Inc (NYSE:VTOL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

ERG1:Germany

Address

3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042

Website

https://www.bristowgroup.com

Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of major integrated, national and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed wing transportation and other aviation related solutions. Its oil and gas customers charter its helicopters to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K and the United States.

Executives

Solus Alternative Asset Management Lp	10 percent owner	25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Wesley E. Kern	director	5004 GREGORY PLACE, WEST LAKE HILLS TX 78746
Jennifer Dawn Whalen	officer: SVP, CFO	13103 SHOALWATER LANE, PEARLAND TX 77584
David F. Stepanek	officer: Executive VP and COO	2001 SE EVANGELINE THRUWAY, LAFAYETTE LA 70508
Stuart Stavley	officer: COO, Offshore Energy Services	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 77024
Elizabeth Matthews	officer: See remarks.	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042
Brian D. Truelove	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Christopher Scott Bradshaw	director, officer: President and CEO	CITYCENTRE TWO, 818 TOWN & COUNTRY BLVD., SUITE 200, HOUSTON TX 33316
George Mark Mickelson	director	101 N. MAIN AVENUE, STE. 321, SIOUX FALLS SD 57104
Solus Gp Llc	10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Christopher Pucillo	director, 10 percent owner	C/O SOLUS ALTERNATIVE ASSET MANAGEMENT, 25 MAPLE STREET, 2ND FLOOR, SUMMIT NJ 07901
Richard E Tatum	officer: VP, Chief Accounting Officer	11700 KATY FREEWAY, SUITE 175, HOUSTON TX 77079
Robert Manzo	director	PARK 80 W PLZ 2, SADDLE BROOK NJ 07663
Crystal L Gordon	officer: SVP, General Counsel	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
Maryanne Miller	director	3151 BRIARPARK DRIVE, SUITE 700, HOUSTON TX 77042