Allegiant Travel Company (ALGT)

Receivables 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
Revenue (ttm)	US$ in thousands	2,509,858	2,510,405	2,505,371	2,451,408	2,301,830	2,187,165	2,086,309	1,928,895	1,707,910	1,457,587	1,199,102	860,016	990,073	1,204,585	1,440,110	1,798,522	1,840,963	1,792,004	1,748,604	1,693,625
Receivables	US$ in thousands	70,743	43,957	47,147	57,798	106,578	79,150	85,315	91,070	62,659	147,407	175,388	188,116	192,215	166,924	208,573	190,108	25,516	31,450	36,100	34,209
Receivables turnover		35.48	57.11	53.14	42.41	21.60	27.63	24.45	21.18	27.26	9.89	6.84	4.57	5.15	7.22	6.90	9.46	72.15	56.98	48.44	49.51

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,509,858K ÷ $70,743K
= 35.48

The receivables turnover ratio for Allegiant Travel has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ratio was 35.48, which indicates that Allegiant Travel collects its accounts receivable approximately 35.48 times during the year. This was a decrease from the previous quarter's ratio of 57.11. The relatively high turnover ratio in Q3 2023 suggests efficient collection of receivables compared to Q4 2023.

Comparing the most recent quarter to the same quarter in the previous year, there has been a notable improvement in receivables turnover, as Q4 2023 had a ratio of 35.48 compared to 21.60 in Q4 2022.

Overall, the receivables turnover ratio for Allegiant Travel has shown variability, with some quarters indicating more efficient collection of receivables than others. It is important for the company to monitor this ratio consistently to ensure timely collection of outstanding receivables and to maintain healthy cash flow.