American Airlines Group (AAL)

Working capital 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
Total current assets	US$ in thousands	13,572,000	16,708,000	18,220,000	17,652,000	15,269,000	17,377,000	18,525,000	17,762,000	17,336,000	19,195,000	22,647,000	18,089,000	11,095,000	12,340,000	13,789,000	7,175,000	8,206,000	9,572,000	9,850,000	8,654,000
Total current liabilities	US$ in thousands	22,062,000	24,380,000	24,316,000	24,590,000	21,496,000	21,970,000	22,770,000	21,866,000	19,006,000	18,938,000	21,521,000	17,333,000	16,569,000	16,584,000	18,000,000	19,213,000	18,311,000	19,560,000	20,123,000	19,849,000
Working capital turnover		—	—	—	—	—	—	—	—	—	90.07	15.53	15.69	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $50,347,000K ÷ ($13,572,000K – $22,062,000K)
= —

As the provided table does not include data on American Airlines Group Inc's working capital turnover for any of the specified periods, it is not possible to conduct a detailed analysis or provide insights based on this particular financial ratio. The working capital turnover ratio is typically calculated by dividing net sales by average working capital, and it measures how efficiently a company is utilizing its working capital to generate sales revenue.

In future analyses, it would be beneficial to have access to this specific ratio for each period to assess American Airlines Group Inc's operational efficiency in terms of managing its working capital. The working capital turnover ratio is a key indicator of a company's liquidity and operational performance, providing valuable insights into its ability to generate sales using its current assets effectively.