Air Lease Corporation (AL)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — |
From the provided data, it appears that the information for Inventory turnover, Receivables turnover, and Payables turnover ratios is not available.
However, looking at the Working Capital Turnover ratio for Air Lease Corporation, we can see a fluctuating trend over the past few quarters. The Working Capital Turnover ratio measures the efficiency of a company in utilizing its working capital to generate revenue.
In the most recent period, the Working Capital Turnover ratio was not provided. In the quarter ending September 2023, the ratio was 6.38, indicating that for each dollar of working capital invested, the company generated $6.38 in revenue.
The trend shows an increase in efficiency from the quarter ending September 2022 (6.38) to the quarter ending March 2023 (16.19). However, data for the most recent period is required to assess the current trend accurately.
The fluctuation in the Working Capital Turnover ratio could reflect changes in the company's operating cycle, inventory management, accounts receivable collection, and payables payment policies. Further analysis and comparison with industry benchmarks would provide more insights into Air Lease Corporation's working capital management efficiency.
Average number of days
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of inventory on hand (DOH), Days of sales outstanding (DSO), and Number of days of payables are important activity ratios that provide insights into how efficiently Air Lease Corporation manages its inventory, accounts receivable, and accounts payable.
However, without specific numerical values for these ratios for the various periods provided, a detailed analysis of the trend and changes over time cannot be conducted. It is essential to have access to this specific data to assess the effectiveness of Air Lease Corporation in managing its working capital and operating cycle.
In general, a low DOH is favorable as it indicates that the company is efficiently managing its inventory levels and turning over its stock quickly. A lower DSO signifies that the company is collecting its accounts receivable faster, which can improve cash flow. On the other hand, a higher number of days of payables could indicate that the company is taking longer to pay its suppliers, which may have implications for its relationships with creditors.
To provide a more in-depth analysis, it would be helpful to have the actual values for these ratios over the different reporting periods to identify any trends or anomalies.
Long-term
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.29 | 1.20 | 1.08 | 0.94 |
| Total asset turnover | 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 | 0.09 | 0.09 | 0.09 | 0.09 |
The fixed asset turnover ratio of Air Lease Corporation has shown relatively consistent performance, ranging from 0.08 to 0.10 over the past year, indicating that the company is generating revenue efficiently from its fixed assets. This ratio measures how effectively the company is using its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also been relatively stable, hovering around 0.08 to 0.09, illustrating the company's ability to generate sales from all its assets efficiently. This ratio reflects how well the company is utilizing all its assets to generate revenue.
Overall, both the fixed asset turnover and total asset turnover ratios of Air Lease Corporation suggest that the company is effectively utilizing its assets to generate revenue, with consistent performance over the past year.