American Airlines Group (AAL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 50,346,000 | 46,971,000 | 28,078,000 | 16,086,000 | 44,641,000 |
| Total current assets | US$ in thousands | 13,572,000 | 15,269,000 | 17,336,000 | 11,095,000 | 8,206,000 |
| Total current liabilities | US$ in thousands | 22,062,000 | 21,496,000 | 19,006,000 | 16,569,000 | 18,311,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $50,346,000K ÷ ($13,572,000K – $22,062,000K)
= —
The working capital turnover ratio for American Airlines Group Inc cannot be calculated directly from the provided data. This ratio typically measures how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing total revenue by average working capital.
To calculate the working capital turnover, we need the values for total revenue and working capital for each of the years listed in the table. Without this specific data, a meaningful analysis of the working capital turnover ratio for American Airlines Group Inc cannot be provided.
I recommend obtaining the necessary financial information to calculate the working capital turnover ratio accurately and then analyzing the trend over the years to gain insights into the company's operational efficiency in managing its working capital.
Peer comparison
Dec 31, 2023