Air Lease Corporation (AL)

Short-term

Turnover ratios

Based on the data provided for Air Lease Corporation, we can analyze the activity ratios as follows:

1. Inventory Turnover: The inventory turnover ratio indicates how efficiently a company manages its inventory. However, there is no data available for inventory turnover for the years 2020 to 2024, suggesting that specific information regarding this metric is not disclosed or applicable in the context of Air Lease Corporation's operations.

2. Receivables Turnover: The receivables turnover ratio measures how efficiently a company is collecting payments on credit sales. Similar to inventory turnover, the data for receivables turnover is not provided for the years 2020 to 2024, indicating a lack of information regarding the company's effectiveness in collecting outstanding receivables.

3. Payables Turnover: The payables turnover ratio assesses how effectively a company manages its accounts payable. Similar to inventory and receivables turnover, data for payables turnover is not available for the years 2020 to 2024, implying a lack of specific information on how Air Lease Corporation handles its payment obligations.

4. Working Capital Turnover: The working capital turnover ratio evaluates how efficiently a company utilizes its working capital to generate revenue. The available data shows a significant increase in the working capital turnover ratio from 1.80 in 2020 to 5.84 in 2021. This suggests that Air Lease Corporation improved its efficiency in utilizing its working capital to generate sales revenue during the year 2021.

Overall, while specific information on inventory turnover, receivables turnover, and payables turnover is not provided, the notable increase in the working capital turnover ratio from 2020 to 2021 indicates an improvement in Air Lease Corporation's ability to generate revenue relative to its working capital.

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Average number of days

Unfortunately, the provided data for Air Lease Corporation does not include specific values for Days of inventory on hand (DOH), Days of sales outstanding (DSO), and Number of days of payables for the years 2020 to 2024. Without this information, it is not possible to calculate or analyze the activity ratios for the company. These ratios are critical for understanding how efficiently the company manages its inventory, collects receivables, and pays its suppliers.

Having detailed figures for these activity ratios would allow for a thorough assessment of Air Lease Corporation's operational efficiency, liquidity, and overall financial performance. For future analysis, it would be beneficial to have the actual values of these activity ratios to provide meaningful insights into the company's working capital management and cash flow dynamics.

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Long-term

Air Lease Corporation's long-term activity ratios indicate how efficiently the company is utilizing its assets. The fixed asset turnover ratio is a measure of how well the company is generating revenue from its fixed assets. In this case, we see a decrease in the fixed asset turnover ratio from 1.12 in December 2020 to 0.09 in December 2021 and it has remained at 0.09 in December 2022. The ratio for December 2023 and December 2024 is not available. A decreasing fixed asset turnover ratio suggests that Air Lease Corporation is generating less revenue from its fixed assets, which may indicate inefficiency in asset utilization.

The total asset turnover ratio, which measures how efficiently the company is generating revenue from all its assets, has remained consistent at 0.08 for December 2020, December 2021, and December 2022. However, the ratio has slightly increased to 0.09 in December 2023 before reverting back to 0.08 in December 2024. A stable total asset turnover ratio suggests that Air Lease Corporation is maintaining a relatively consistent level of revenue generation from its total assets over the years.

Overall, the fixed asset turnover ratio indicates a decline in efficiency in generating revenue from fixed assets, while the total asset turnover ratio shows stability with a slight increase in one year. Air Lease Corporation may need to assess its utilization of fixed assets to improve efficiency and maximize revenue generation.