Air Lease Corporation (AL)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 186,015 | 928,331 | 125,279 | 95,684 | 123,653 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $186,015K ÷ $—K
= —
To calculate the payables turnover ratio for Air Lease Corporation, we need the following information:
- Accounts payable for each year
- Cost of goods sold (COGS) or total purchases for each year
The payables turnover ratio is calculated as:
Payables Turnover = Total Purchases / Average Accounts Payable
By using this ratio, we can assess how efficiently Air Lease Corporation is managing its accounts payable and paying off its suppliers. A higher payables turnover ratio indicates that the company is paying its suppliers more quickly, while a lower ratio suggests that the company is taking longer to pay its bills.
Without the specific data for accounts payable and total purchases for each year, we cannot calculate the payables turnover ratio for the years 2019-2023. Once we have this information, we can analyze the trends and evaluate the effectiveness of Air Lease Corporation's payables management over the years.
Peer comparison
Dec 31, 2023