Allegiant Travel Company (ALGT)

Receivables 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
Revenue (ttm) US$ in thousands 2,512,590 2,495,887 2,499,050 2,516,577 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
Receivables US$ in thousands 90,407 62,324 76,475 72,494 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
Receivables turnover 27.79 40.05 32.68 34.71 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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,512,590K ÷ $90,407K
= 27.79

Allegiant Travel Company's receivables turnover has shown fluctuations over the specified period, starting at 9.46 on March 31, 2020, and reaching its peak at 57.11 on September 30, 2023. The company experienced a significant improvement in collecting its receivables efficiently during this period. However, the ratio declined to 27.79 on December 31, 2024. It is important to note that a higher receivables turnover ratio indicates a quicker collection of receivables, which could be attributed to effective credit policies or prompt payment by customers. Conversely, a lower ratio may suggest potential issues with collections or credit management. Monitoring the trend of receivables turnover can provide insights into the company's credit management efficiency and liquidity position.