American Airlines Group (AAL)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	53,657,000	52,300,000	51,598,000	50,771,000	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
Total current assets	US$ in thousands	13,154,000	14,456,000	14,795,000	14,542,000	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
Total current liabilities	US$ in thousands	24,295,000	25,532,000	24,610,000	24,993,000	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
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	90.07	15.53	15.69	—	—	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $53,657,000K ÷ ($13,154,000K – $24,295,000K)
= —

Based on the provided data on American Airlines Group's working capital turnover, there are fluctuations in the ratio over time. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue.

For the periods reported:
- In March 2021 and June 2021, the working capital turnover was 15.69 and 15.53, respectively. This indicates that for each dollar of working capital, American Airlines Group generated approximately $15.69 and $15.53 in revenue during those quarters.
- The ratio significantly increased in September 2021 to 90.07, suggesting a notable improvement in the efficiency of working capital utilization and revenue generation during that quarter.
- There is missing data for the subsequent quarters and years, indicating that the working capital turnover was not reported or was not applicable during those periods.

Overall, the company's working capital turnover ratio shows variability in its efficiency in utilizing working capital to generate sales revenue. It would be important to monitor this ratio over time to assess the company's performance in managing its working capital effectively.