Bristow Group (FRA:ERG1) Receivables Turnover : 1.44 (As of Mar. 2024)

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What is Bristow Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Bristow Group's Revenue for the three months ended in Mar. 2024 was €310 Mil. Bristow Group's average Accounts Receivable for the three months ended in Mar. 2024 was €216 Mil. Hence, Bristow Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.

Bristow Group Receivables Turnover Historical Data

The historical data trend for Bristow Group's Receivables Turnover 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 Receivables Turnover Chart

Bristow Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Dec23

Receivables Turnover

5.74

5.88

5.95

Bristow Group Quarterly Data
	Mar19	Jun19	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														1.42	1.54	1.61	1.47	1.44

Competitive Comparison of Bristow Group's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Bristow Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bristow Group's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bristow Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bristow Group's Receivables Turnover falls into.

Bristow Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Bristow Group's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1189.742	/ (	(185.024	+	215.147)	/	2 )
=	1189.742	/	200.0855
=	5.95

Bristow Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	310.126	/ (	(215.147	+	216.121)	/	2 )
=	310.126	/	215.634
=	1.44

Bristow Group (FRA:ERG1) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Bristow Group Receivables Turnover Related Terms

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Bristow Group (FRA:ERG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bristow Group Inc (FRA:ERG1) » Definitions » Receivables Turnover

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Traded in Other Exchanges

VTOL:USA

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.

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