Alaska Air Group Inc (ALK)
Working capital 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 |
| Total current assets | US$ in thousands | 2,705,000 | 3,644,000 | 3,244,000 | 3,099,000 | 3,040,000 | 3,810,000 | 4,232,000 | 3,974,000 | 3,920,000 | 4,001,000 | 4,771,000 | 4,284,000 | 4,006,000 | 4,465,000 | 3,244,000 | 2,572,000 | 2,037,000 | 2,202,000 | 2,218,000 | 2,001,000 |
| Total current liabilities | US$ in thousands | 4,459,000 | 5,074,000 | 5,176,000 | 4,857,000 | 4,493,000 | 4,709,000 | 4,902,000 | 4,570,000 | 3,991,000 | 4,024,000 | 4,846,000 | 4,762,000 | 4,293,000 | 4,207,000 | 4,120,000 | 3,730,000 | 3,201,000 | 3,346,000 | 3,534,000 | 3,386,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 19.33 | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,426,000K ÷ ($2,705,000K – $4,459,000K)
= —
Based on the data provided, it appears that the working capital turnover ratio for Alaska Air Group Inc. is missing for all quarters indicated. This could potentially limit the ability to evaluate the efficiency of the company's working capital management over the specified periods.
The working capital turnover ratio is typically calculated by dividing net sales by average working capital. A higher turnover ratio generally indicates that the company is efficiently using its working capital to generate sales. Conversely, a lower turnover ratio may suggest inefficiencies in managing working capital, which could lead to financial challenges.
Without the specific values for the working capital turnover ratio across the quarters, it is difficult to assess Alaska Air Group's effectiveness in utilizing its working capital resources. It is advisable for stakeholders to further investigate and possibly request this information to gain a comprehensive understanding of the company's working capital efficiency and overall financial health.
Peer comparison
Dec 31, 2023