Alaska Air Group Inc (ALK)
Inventory 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 | 7,913,000 | 7,981,000 | 8,230,000 | 8,448,000 | 7,981,000 | 7,372,000 | 6,537,000 | 5,675,000 | 5,381,000 | 4,738,000 | 4,680,000 | 4,347,000 | 4,801,000 | 5,550,000 | 5,805,000 | 6,499,000 | 6,406,000 | 5,908,000 | 6,033,000 | 6,138,000 |
| Inventory | US$ in thousands | 116,000 | 122,000 | 107,000 | 105,000 | 104,000 | 94,000 | 93,000 | 78,000 | 62,000 | 62,000 | 52,000 | 57,000 | 57,000 | 57,000 | 56,000 | 68,000 | 72,000 | 63,000 | 55,000 | 58,000 |
| Inventory turnover | 68.22 | 65.42 | 76.92 | 80.46 | 76.74 | 78.43 | 70.29 | 72.76 | 86.79 | 76.42 | 90.00 | 76.26 | 84.23 | 97.37 | 103.66 | 95.57 | 88.97 | 93.78 | 109.69 | 105.83 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,913,000K ÷ $116,000K
= 68.22
The inventory turnover for Alaska Air Group Inc. has been consistently reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its inventory levels or is facing challenges in selling its inventory. A low or zero inventory turnover ratio can suggest inefficiencies in the company's inventory management, which may lead to higher carrying costs, potential obsolescence issues, and lower profitability. Further analysis of the company's inventory practices and sales strategy is needed to understand the reasons behind the consistently low inventory turnover ratios and to implement corrective measures to improve operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023