Delta Air Lines Inc (DAL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 33,030,000 | 28,390,000 | 18,691,000 | 27,317,000 | 25,686,000 |
| Inventory | US$ in thousands | 1,314,000 | 1,424,000 | 694,000 | 377,000 | 730,000 |
| Inventory turnover | 25.14 | 19.94 | 26.93 | 72.46 | 35.19 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $33,030,000K ÷ $1,314,000K
= 25.14
The inventory turnover ratio for Delta Air Lines, Inc. has been consistently reported as 0.00 for the past five years (Dec 31, 2019 to Dec 31, 2023). An inventory turnover ratio of 0.00 indicates that the company's inventory is not being sold or depleted within the given period. This could suggest inefficiencies in inventory management, overstocking, or potentially obsolete inventory. Further analysis and investigation into the company's inventory practices and sales performance are warranted to understand the reasons behind this low inventory turnover ratio and to implement necessary improvements in inventory management strategies.
Peer comparison
Dec 31, 2023