Allegiant Travel Company (ALGT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,054,190 | 885,245 | 1,213,820 | 1,135,560 | 1,113,040 |
| Inventory | US$ in thousands | -10,300 | -8,100 | -6,000 | -4,300 | -2,700 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,054,190K ÷ $-10,300K
= —
Allegiant Travel's inventory turnover has been consistently reported as 0.00 for the past five years, from 2019 to 2023. This indicates that Allegiant Travel is not effectively managing its inventory levels relative to its sales. A low or zero inventory turnover ratio may suggest overstocking, obsolete inventory, or inefficiencies in inventory management processes. It is important for Allegiant Travel to investigate the underlying reasons for such low turnover rates and take necessary actions to optimize its inventory management practices for better operational efficiency and financial performance.
Peer comparison
Dec 31, 2023