Air Lease Corporation (AL)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | 5.84 | 1.80 | — |
The inventory turnover, receivables turnover, and payables turnover ratios for Air Lease Corporation are not provided in the data table. However, the working capital turnover ratio can still be analyzed.
The working capital turnover ratio helps in assessing how efficiently the company is utilizing its working capital to generate sales. A higher ratio indicates better efficiency in utilizing working capital.
Looking at the trend over the past five years:
- In 2019, the working capital turnover ratio was 1.80, indicating that for every dollar of working capital, the company generated $1.80 in sales.
- In 2020, the ratio increased significantly to 5.84, showing a substantial improvement in working capital efficiency. This increase suggests that the company was able to generate more sales relative to its working capital investment.
- Unfortunately, without data for more recent years, it is challenging to provide a detailed trend analysis. However, it would be necessary to monitor this ratio in subsequent years to assess the company's ongoing efficiency in utilizing its working capital.
Overall, based on the available data, Air Lease Corporation demonstrated a notable improvement in its working capital turnover from 2019 to 2020, indicating increased operational efficiency in converting working capital into sales.Monitoring this ratio in the future will provide further insights into the company's working capital management efficiency.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
The activity ratios for Air Lease Corporation, specifically Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, are not provided in the table. Consequently, without this data, a detailed analysis and interpretation of these ratios for the company cannot be performed. These ratios are crucial in assessing the efficiency of a company's operations, managing inventory levels, monitoring accounts receivable collection, and payable management. Therefore, it is recommended to obtain the specific values for these ratios in order to conduct a thorough analysis of Air Lease Corporation's activity performance.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | 0.09 | 0.09 | 1.12 | 1.29 |
| Total asset turnover | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 |
The fixed asset turnover ratio for Air Lease Corporation has been relatively stable at 0.09 for the years 2022 and 2021, indicating that the company is generating $0.09 in sales for every $1 invested in fixed assets. However, a significant decrease from 2020's ratio of 1.12 and 2019's ratio of 1.29 suggests a decline in the efficiency of utilizing fixed assets to generate revenue.
The total asset turnover ratio, on the other hand, has also been relatively stable around 0.08 to 0.09 over the five-year period. This indicates that the company is generating sales in the range of $0.08 to $0.09 for every dollar of total assets it holds.
Overall, the long-term activity ratios suggest that Air Lease Corporation may be facing challenges in effectively leveraging its fixed assets to drive revenue generation. It is essential for the company to address this trend to improve operational efficiency and enhance overall financial performance.