Air Lease Corporation (AL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Total current assets | US$ in thousands | 464,492 | 780,017 | 1,108,290 | 1,757,770 | 338,061 |
| Total current liabilities | US$ in thousands | 1,308,000 | 844,553 | 750,573 | 635,388 | 660,189 |
| Working capital turnover | — | — | 5.84 | 1.80 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,684,980K ÷ ($464,492K – $1,308,000K)
= —
The working capital turnover ratio for Air Lease Corporation experienced a significant increase from 2019 to 2021, climbing from 1.80 to 5.84. This surge indicates that the company effectively utilized its working capital to generate sales revenue. However, the absence of data for 2020 and 2023 limits a comprehensive trend analysis. It would be beneficial to assess additional financial metrics and industry benchmarks to gain a more holistic understanding of Air Lease Corporation's working capital management practices and operational efficiency over the years.
Peer comparison
Dec 31, 2023