Alaska Air Group Inc (ALK)

Cash conversion cycle

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Days of inventory on hand (DOH) days — 8.19 5.32 5.05 4.22
Days of sales outstanding (DSO) days — 17.36 13.41 11.20 32.27
Number of days of payables days — 7.65 9.49 10.74 13.62
Cash conversion cycle days 0.00 17.89 9.24 5.52 22.87

December 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00