Air Lease Corporation (AL)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 6.38 | 8.82 | 2.66 | 5.84 | 1.63 | 3.46 | 2.58 | 1.80 | 2.88 | 6.76 | 16.19 |
Air Lease Corporation's inventory turnover, receivables turnover, and payables turnover ratios are not available in the provided data.
However, the working capital turnover ratio for Air Lease Corporation demonstrates the company's efficiency in generating revenue relative to its working capital. The trend in the working capital turnover ratio indicates fluctuations over time, with values ranging from 1.80 to 16.19.
The working capital turnover ratio was relatively high in March 2020 at 16.19, indicating a significant amount of revenue generated per unit of working capital. Over the next few quarters, the ratio decreases to 1.63 in September 2021, reflecting a decline in revenue generated relative to working capital.
There was a gradual increase in the working capital turnover ratio from December 2021 to June 2022, with the ratio peaking at 8.82 in June 2022, implying improved efficiency in revenue generation compared to working capital. However, the data is missing for subsequent periods, making it challenging to assess the company's working capital efficiency beyond June 2022.
Overall, the working capital turnover ratio for Air Lease Corporation fluctuates over the periods provided, indicating varying levels of efficiency in utilizing working capital to generate revenue. It would be beneficial to have more recent data to gain a clearer understanding of the company's performance in this aspect.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Air Lease Corporation, the activity ratios related to inventory management, accounts receivable turnover, and accounts payable turnover are not available. This suggests a lack of transparency or data reporting for these key activity ratios.
Activity ratios such as Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables are important indicators of a company's efficiency in managing inventory, collecting receivables, and paying its obligations. Without access to this information, it becomes challenging to assess the company's operational efficiency and effectiveness in these areas.
It is recommended that Air Lease Corporation improves its reporting practices by providing data on these activity ratios in order to allow for a more comprehensive analysis of its operational performance and liquidity management. This would enable stakeholders, including investors and creditors, to gain a better understanding of the company's working capital management and overall financial health.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 1.12 | 1.12 | 1.27 | 1.18 | 1.31 |
| Total asset turnover | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 |
The fixed asset turnover ratio for Air Lease Corporation has shown a declining trend over the past few years. It decreased from 1.31 in March 2020 to 0.09 in June 2024, indicating a reduction in the company's ability to generate revenue from its fixed assets efficiently.
Similarly, the total asset turnover ratio has also exhibited a downward trajectory, falling from 0.09 in March 2020 to 0.08 in June 2024. This suggests a decrease in the company's overall efficiency in utilizing its total assets to generate sales.
Overall, the decreasing trend in both the fixed asset turnover and total asset turnover ratios may signal potential challenges in Air Lease Corporation's operational efficiency and effectiveness in utilizing its assets to drive revenue growth over the analyzed period.