American Airlines Group (AAL)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	34,971,000	34,869,000	34,956,000	35,822,000	34,909,000	33,577,000	31,123,000	28,094,000	25,897,000	22,892,000	21,215,000	18,911,000	20,614,000	16,253,000	18,408,000	21,509,000	21,108,000	21,211,000	21,130,000	21,068,000
Inventory	US$ in thousands	2,400,000	2,461,000	2,280,000	2,308,000	2,279,000	2,215,000	2,273,000	2,002,000	1,795,000	1,851,000	1,789,000	1,658,000	1,614,000	1,633,000	1,653,000	1,772,000	1,851,000	1,800,000	1,708,000	1,666,000
Inventory turnover		14.57	14.17	15.33	15.52	15.32	15.16	13.69	14.03	14.43	12.37	11.86	11.41	12.77	9.95	11.14	12.14	11.40	11.78	12.37	12.65

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $34,971,000K ÷ $2,400,000K
= 14.57

Based on the data presented, American Airlines Group Inc's inventory turnover ratio for the given periods is consistently reported as 0.00. This indicates that the company has not been effectively managing its inventory levels in relation to its cost of goods sold during these periods. A low or zero inventory turnover ratio could potentially signal overstocking, obsolete inventory, poor sales performance, or inefficient inventory management practices within the company's operations. Further analysis and investigation into the reasons behind the consistently low inventory turnover are warranted to identify and address any underlying issues affecting the company's inventory management efficiency.