Alaska Air Group Inc (ALK)
Working capital 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 |
| Total current assets | US$ in thousands | 2,705,000 | 3,040,000 | 3,920,000 | 4,006,000 | 2,037,000 |
| Total current liabilities | US$ in thousands | 4,459,000 | 4,493,000 | 3,991,000 | 4,293,000 | 3,201,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,426,000K ÷ ($2,705,000K – $4,459,000K)
= —
To calculate the working capital turnover ratio for Alaska Air Group Inc., we would typically use the formula:
Working Capital Turnover = Revenue / Average Working Capital
However, since the specific figures for working capital are not provided in the table, we cannot calculate the exact ratio for each year. Working capital turnover is a measure of how effectively a company is utilizing its working capital to generate revenue. A higher ratio indicates efficient management of working capital.
If the working capital figures were available, we could have compared the ratio for each year to assess any trends or changes in the efficiency of Alaska Air Group Inc.'s working capital management over the specified period. Additional insight into the company's operational efficiency, liquidity, and financial strength could have been gained through a detailed analysis of the working capital turnover ratio.
Peer comparison
Dec 31, 2023