American Airlines Group (AAL)

Activity ratios

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Inventory turnover	14.01	16.19	17.07	17.52	16.88
Receivables turnover	26.33	27.02	26.06	22.91	19.86
Payables turnover	13.77	17.40	17.41	18.58	17.10
Working capital turnover	—	—	—	—	—

		Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Days of inventory on hand (DOH)	days	26.06	22.54	21.38	20.83	21.62
Days of sales outstanding (DSO)	days	13.86	13.51	14.01	15.94	18.38
Number of days of payables	days	26.51	20.98	20.96	19.64	21.34

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Fixed asset turnover	—	—	—	79.89	0.81
Total asset turnover	0.88	0.88	0.84	0.76	0.45