Air Lease Corporation (AL)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,684,978 | 2,570,020 | 2,471,990 | 2,356,782 | 2,317,301 | 2,312,867 | 2,276,042 | 2,210,223 | 2,088,389 | 1,980,315 | 1,949,407 | 1,978,879 | 2,015,439 | 2,074,893 | 2,112,194 | 2,062,240 | 2,016,904 | 1,918,329 | 1,838,125 | 1,764,544 |
| Total current assets | US$ in thousands | 464,492 | 515,734 | 580,435 | 701,537 | 780,017 | 1,116,970 | 1,033,850 | 1,512,060 | 1,108,290 | 1,893,670 | 1,232,760 | 1,352,190 | 1,757,770 | 1,262,140 | 941,990 | 753,381 | 338,061 | 336,423 | 288,102 | 298,242 |
| Total current liabilities | US$ in thousands | 1,308,000 | 1,542,370 | 1,568,920 | 834,684 | 844,553 | 754,250 | 775,653 | 679,922 | 750,573 | 681,247 | 668,554 | 583,778 | 635,388 | 541,671 | 629,660 | 626,030 | 660,189 | 555,079 | 577,678 | 483,483 |
| 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 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,684,978K ÷ ($464,492K – $1,308,000K)
= —
The working capital turnover ratio for Air Lease Corporation has shown fluctuations over the periods reported. The ratio, which measures how efficiently the company is utilizing its working capital to generate revenue, was not available (marked as—) for some periods.
From the available data, we can observe that the working capital turnover ratio was relatively high in some quarters, such as in Jun 30, 2022, where it was 8.82, and in Mar 31, 2020, where it reached 16.19. A high ratio indicates that the company is effectively using its working capital to support its operations and generate revenue.
On the other hand, there are quarters where the ratio was relatively low, like in Mar 31, 2021, with a ratio of 1.80. A low ratio may suggest inefficiencies in the company's working capital management, potentially impacting its ability to generate revenue from the capital invested.
Overall, the fluctuating trend in the working capital turnover ratio for Air Lease Corporation suggests varying levels of efficiency in the company's utilization of its working capital over the periods analyzed. Monitoring and analyzing this ratio consistently can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023