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Bristow Group (Bristow Group) Net-Net Working Capital : $-25.61 (As of Mar. 2024)


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What is Bristow Group Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Bristow Group's Net-Net Working Capital for the quarter that ended in Mar. 2024 was $-25.61.

The industry rank for Bristow Group's Net-Net Working Capital or its related term are showing as below:

VTOL's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Bristow Group Net-Net Working Capital Historical Data

The historical data trend for Bristow Group's Net-Net Working Capital 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.

* Premium members only.

Bristow Group Net-Net Working Capital Chart

Bristow Group Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Dec23
Net-Net Working Capital
- -37.09 -22.19 -18.77 -24.99

Bristow Group Quarterly Data
Mar19 Jun19 Sep19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.05 -23.86 -23.89 -24.99 -25.61

Competitive Comparison of Bristow Group's Net-Net Working Capital

For the Oil & Gas Equipment & Services subindustry, Bristow Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bristow Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Bristow Group's Price-to-Net-Net-Working-Capital falls into.



Bristow Group Net-Net Working Capital Calculation

Bristow Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2023 is calculated as

Net-Net Working Capital(A: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(180.265+0.75 * 234.62+0.5 * 99.863-1114.099
-0--0.508)/28.31
=-24.99

Bristow Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(140.63+0.75 * 234.914+0.5 * 102.358-1095.566
-0--0.481)/28.387
=-25.61

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Bristow Group  (NYSE:VTOL) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Bristow Group Net-Net Working Capital Related Terms

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Bristow Group (Bristow Group) Business Description

Traded in Other Exchanges
N/A
Address
3151 Briarpark Drive, 7th Floor, Suite 700, Houston, TX, USA, 77042
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