American Airlines Group (AAL)

Payables 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
Payables	US$ in thousands	2,353,000	2,123,000	2,406,000	2,455,000	2,149,000	2,117,000	2,733,000	2,546,000	1,772,000	1,835,000	2,172,000	1,624,000	1,196,000	1,077,000	1,175,000	1,648,000	2,062,000	1,932,000	2,118,000	2,139,000
Payables turnover		14.86	16.42	14.53	14.59	16.24	15.86	11.39	11.03	14.61	12.48	9.77	11.64	17.24	15.09	15.67	13.05	10.24	10.98	9.98	9.85

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $34,971,000K ÷ $2,353,000K
= 14.86

Based on the data provided, American Airlines Group Inc's payables turnover ratio is consistently calculated as 0.00 for each quarter spanning from Q1 2022 to Q4 2023. A payables turnover ratio of 0.00 typically indicates that the company is not effectively utilizing its accounts payable to fund its operations or manage its cash flow. This may suggest that the company is not efficiently managing its supplier payments or has extended payment terms, which could potentially strain supplier relationships in the long run. Additionally, a consistent payables turnover ratio of 0.00 over multiple quarters may raise concerns about the company's overall financial health and liquidity management. Further analysis and benchmarking against industry peers are recommended to gain a more comprehensive understanding of American Airlines Group Inc's payables management practices.