Allegiant Travel Company (ALGT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,512,590 | 2,509,860 | 2,301,830 | 1,707,910 | 990,073 |
| Receivables | US$ in thousands | 90,407 | 70,743 | 106,578 | 62,659 | 192,215 |
| Receivables turnover | 27.79 | 35.48 | 21.60 | 27.26 | 5.15 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,512,590K ÷ $90,407K
= 27.79
The receivables turnover ratio for Allegiant Travel Company has shown a significant increase over the years, indicating an improvement in the efficiency of the company in collecting its accounts receivable.
In 2020, the receivables turnover was 5.15, suggesting that on average, the company collected its accounts receivable approximately 5.15 times during the year.
By December 31, 2024, the receivables turnover had risen to 27.79, reflecting a substantial enhancement in the speed at which the company was collecting payments from its customers.
This trend indicates that Allegiant Travel Company has been more effective in managing its accounts receivable, potentially leading to improved cash flow and liquidity. It suggests that the company has implemented better credit policies or enhanced collection procedures, resulting in faster turnaround times for its receivables.
Peer comparison
Dec 31, 2024