Air Lease Corporation (AL)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,733,657 | 2,737,330 | 2,706,530 | 2,712,146 | 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 |
| Total current assets | US$ in thousands | 476,104 | 465,350 | 455,656 | 555,925 | 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 |
| Total current liabilities | US$ in thousands | 1,409,550 | 1,201,340 | 2,613,480 | 1,298,310 | 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 |
| 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, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,733,657K ÷ ($476,104K – $1,409,550K)
= —
Air Lease Corporation's working capital turnover has shown fluctuation over the past few quarters. The ratio was at its highest in March 2020 at 16.19, indicating that the company generated $16.19 in revenue for every dollar of working capital invested. However, the ratio declined significantly by June 2020 to 6.76, and further decreased by September 2020 to 2.88. This downward trend continued, reaching a low of 1.63 in September 2021.
There was a slight improvement in the ratio by December 2021, which increased to 5.84, but then dropped again in March 2022 to 2.66. The ratio experienced a notable increase in June 2022, reaching 8.82, indicating that the company's efficiency in utilizing its working capital improved during that quarter.
For the most recent data available, the ratio stood at 6.38 as of September 2022. The lack of data beyond this point makes it challenging to provide a more current analysis of Air Lease Corporation's working capital turnover. Overall, the fluctuations in the ratio suggest variations in the company's ability to generate revenue relative to its investment in working capital during the periods analyzed.
Peer comparison
Dec 31, 2024