Allegiant Travel Company (ALGT)

Payables 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
Cost of revenue (ttm)	US$ in thousands	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	1,135,590	1,134,751	1,128,913	1,108,655
Payables	US$ in thousands	54,484	55,476	63,995	65,936	58,335	51,394	63,558	59,140	43,566	35,386	57,143	37,767	34,197	64,674	51,286	62,460	27,667	21,493	32,097	28,690
Payables turnover		19.35	17.79	14.93	13.98	15.18	19.48	16.86	19.52	27.86	30.80	17.67	25.60	33.41	18.67	24.15	20.40	41.04	52.80	35.17	38.64

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,054,191K ÷ $54,484K
= 19.35

Based on the data provided, Allegiant Travel's payables turnover ratio has consistently been calculated as 0.00 in each of the quarters listed. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This could suggest that Allegiant Travel is not efficiently utilizing its supplier credit terms or is facing challenges in paying its suppliers in a timely manner. Further analysis and investigation into the company's payables management practices and financial health are warranted to understand the reasons behind the consistently low payables turnover ratio.