Alaska Air Group Inc (ALK)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,426,000 | 10,359,000 | 10,347,000 | 10,165,000 | 9,646,000 | 9,082,000 | 8,208,000 | 7,100,000 | 6,241,000 | 5,058,000 | 3,833,000 | 2,727,000 | 3,566,000 | 4,986,000 | 6,674,000 | 8,541,000 | 8,781,000 | 8,617,000 | 8,440,000 | 8,308,000 |
| Receivables | US$ in thousands | 383,000 | 341,000 | 351,000 | 340,000 | 296,000 | 345,000 | 401,000 | 658,000 | 546,000 | 536,000 | 567,000 | 517,000 | 480,000 | 321,000 | 280,000 | 279,000 | 323,000 | 377,000 | 389,000 | 358,000 |
| Receivables turnover | 27.22 | 30.38 | 29.48 | 29.90 | 32.59 | 26.32 | 20.47 | 10.79 | 11.43 | 9.44 | 6.76 | 5.27 | 7.43 | 15.53 | 23.84 | 30.61 | 27.19 | 22.86 | 21.70 | 23.21 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,426,000K ÷ $383,000K
= 27.22
Alaska Air Group Inc.'s receivables turnover ratio has fluctuated over recent quarters. In Q4 2023, the ratio stood at 27.22, down from the previous quarter's 30.36, indicating a decrease in the speed at which the company collected its accounts receivable. However, the ratio remains relatively high compared to previous quarters. In Q3 and Q2 2023, the receivables turnover was 30.36 and 29.46, respectively, showing efficient collection practices.
Comparing to the same quarter in the previous year, there has been a slight decline in receivables turnover, starting from 32.59 in Q4 2022. Notably, there was a significant improvement in Q2 and Q3 of 2022 compared to earlier quarters, suggesting a more efficient collection process during that period.
Overall, the trend in Alaska Air Group Inc.'s receivables turnover indicates variations in the company's ability to efficiently collect its outstanding receivables, with some quarters showing stronger performance in this regard than others. This ratio is crucial for evaluating the effectiveness of the company's credit policies and efficiency in managing accounts receivable.
Peer comparison
Dec 31, 2023