Alaska Air Group Inc (ALK)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 | 8,781,000 |
| Receivables | US$ in thousands | 383,000 | 296,000 | 546,000 | 480,000 | 323,000 |
| Receivables turnover | 27.22 | 32.59 | 11.31 | 7.43 | 27.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,426,000K ÷ $383,000K
= 27.22
Alaska Air Group Inc.'s receivables turnover has fluctuated over the past five years. The ratio peaked at 32.59 in 2022, indicating that the company collected its accounts receivables approximately 32.59 times during that year. This signifies strong efficiency in collecting outstanding payments from customers. However, the ratio dropped to 11.31 in 2021 and further to 7.43 in 2020, suggesting a decrease in the speed of collecting receivables during these periods.
The significant increase in 2022 compared to 2021 and 2020 indicates an improvement in the efficiency of the company's receivables management. In 2019, the ratio was similar to the high point in 2022, at 27.19, reflecting efficient collection practices that year as well. Overall, the company's receivables turnover ratio has shown variability, with a notable improvement in 2022, but with fluctuations in earlier years.
Peer comparison
Dec 31, 2023