Alaska Air Group Inc (ALK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,374,000 | 7,963,000 | 7,984,000 | 4,822,000 | 3,980,000 |
| Inventory | US$ in thousands | 199,000 | 116,000 | 104,000 | 62,000 | 57,000 |
| Inventory turnover | 47.11 | 68.65 | 76.77 | 77.77 | 69.82 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,374,000K ÷ $199,000K
= 47.11
Alaska Air Group Inc's inventory turnover has shown a generally positive trend over the years, increasing from 69.82 in 2020 to 77.77 in 2021 and further to 76.77 in 2022. Despite a slight decrease to 68.65 in 2023, the ratio remained relatively high. However, there was a significant decrease to 47.11 in 2024, indicating a potential slowdown in inventory turnover efficiency.
Overall, Alaska Air Group Inc has maintained a healthy level of inventory turnover, which suggests that the company has been effectively managing its inventory levels and efficiently converting inventory into sales. It is important for the company to closely monitor this ratio in the future to ensure optimal inventory management practices.
Peer comparison
Dec 31, 2024