Alaska Air Group Inc (ALK)

Payables 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
Payables	US$ in thousands	207,000	229,000	212,000	206,000	221,000	202,000	286,000	299,000	200,000	181,000	159,000	133,000	108,000	93,000	102,000	119,000	146,000	120,000	156,000	157,000
Payables turnover		38.23	34.85	38.82	41.01	36.11	36.50	22.86	18.98	26.90	26.18	29.43	32.68	44.45	59.68	56.91	54.61	43.88	49.23	38.67	39.10

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,913,000K ÷ $207,000K
= 38.23

The payables turnover ratio for Alaska Air Group Inc. has been consistently reported as 0.00 across all quarters for the years 2022 and 2023. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that the company is not making use of its trade credit efficiently or is not paying its suppliers in a timely manner.

A low or zero payables turnover ratio could imply that the company is keeping its suppliers waiting for payments, which might strain relationships and potentially lead to supply chain disruptions. It could also indicate cash flow issues or inefficiencies in managing working capital. Further investigation into the company's accounts payable processes, payment policies, and supplier relationships may be necessary to address these concerns and improve the overall financial health of the business.