Allegiant Travel Company (ALGT)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,552,087 | 1,219,380 | 1,206,413 | 1,135,261 | 1,054,191 | 987,030 | 955,479 | 922,019 | 885,245 | 1,001,215 | 1,071,447 | 1,154,631 | 1,213,825 | 1,089,859 | 1,009,469 | 966,931 | 1,142,367 | 1,207,677 | 1,238,646 | 1,274,310 |
| Inventory | US$ in thousands | -12,600 | 35,645 | 35,347 | 35,806 | -10,300 | -208,066 | -231,092 | 35,086 | -8,100 | 39,070 | 35,566 | 36,098 | -6,000 | 28,424 | 30,194 | 26,276 | -4,300 | 26,305 | 25,856 | 28,700 |
| Inventory turnover | — | 34.21 | 34.13 | 31.71 | — | — | — | 26.28 | — | 25.63 | 30.13 | 31.99 | — | 38.34 | 33.43 | 36.80 | — | 45.91 | 47.91 | 44.40 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,552,087K ÷ $-12,600K
= —
Allegiant Travel Company's inventory turnover ratio has shown fluctuations over the past few years, reflecting its ability to manage inventory efficiently.
The inventory turnover ratio for Allegiant Travel Company ranged from a high of 47.91 in June 2020 to a low of 25.63 in September 2022. The company's inventory turnover ratio improved from the first quarter of 2022 to the second quarter of 2024, with a slight decline in the third quarter of 2024.
A high inventory turnover ratio indicates that Allegiant Travel Company is selling its inventory quickly, which can be a positive sign of efficient operations. However, a very high ratio may also suggest potential stockouts or insufficient inventory on hand to meet demand.
Conversely, a low inventory turnover ratio may imply excess inventory or slow-moving merchandise, which could tie up capital and lead to potential obsolescence issues.
Overall, Allegiant Travel Company should continue to monitor and optimize its inventory management practices to strike a balance between ensuring product availability and managing inventory carrying costs effectively.
Peer comparison
Dec 31, 2024
Dec 31, 2024