Air Lease Corporation (AL)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,733,660 | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 |
| Total current assets | US$ in thousands | 476,104 | 464,492 | 780,017 | 1,108,290 | 1,757,770 |
| Total current liabilities | US$ in thousands | 1,409,550 | 4,372,670 | 844,553 | 750,573 | 635,388 |
| Working capital turnover | — | — | — | 5.84 | 1.80 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,733,660K ÷ ($476,104K – $1,409,550K)
= —
The working capital turnover ratio for Air Lease Corporation has shown a significant improvement over the years. As of December 31, 2020, the working capital turnover was 1.80, indicating that the company generated $1.80 in revenue for every dollar of working capital invested. By December 31, 2021, this ratio increased to 5.84, showcasing a notable efficiency in utilizing its working capital to generate sales. However, there is missing data for the years 2022, 2023, and 2024, which may require further investigation to understand the company's performance in those periods. Overall, the increasing trend in the working capital turnover suggests that Air Lease Corporation has been more effective in managing its working capital to drive revenue growth.
Peer comparison
Dec 31, 2024