American Airlines Group (AAL)

Receivables 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
Revenue (ttm)	US$ in thousands	50,347,000	50,719,000	50,737,000	50,184,000	46,971,000	43,308,000	38,838,000	32,876,000	28,077,000	23,149,000	17,489,000	11,865,000	16,486,000	23,772,000	32,566,000	42,883,000	44,938,000	44,563,000	44,230,000	43,922,000
Receivables	US$ in thousands	2,026,000	2,021,000	2,073,000	1,989,000	2,138,000	1,991,000	1,835,000	1,537,000	1,505,000	1,332,000	1,249,000	971,000	1,342,000	1,135,000	879,000	1,020,000	1,750,000	1,850,000	1,943,000	1,876,000
Receivables turnover		24.85	25.10	24.48	25.23	21.97	21.75	21.17	21.39	18.66	17.38	14.00	12.22	12.28	20.94	37.05	42.04	25.68	24.09	22.76	23.41

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $50,347,000K ÷ $2,026,000K
= 24.85

The receivables turnover ratio for American Airlines Group Inc over the past eight quarters has ranged from 22.19 to 26.28. This ratio measures the company's efficiency in collecting outstanding payments from its customers within a given period.

The consistently high levels of receivables turnover, averaging around 24-26 times per year, indicate that American Airlines is proficient in converting its accounts receivable into cash. This suggests that the company has effective credit policies in place and a strong collection process, which helps in maintaining a healthy cash flow position.

The slight fluctuations in the ratio from quarter to quarter are normal and might be impacted by seasonal factors or changes in the company's customer payment behavior. Overall, the steady and relatively high receivables turnover for American Airlines Group Inc reflects its ability to efficiently manage its accounts receivable and indicates a positive aspect of its financial operations.