Delta Air Lines Inc (DAL)
Payables 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 |
| Payables | US$ in thousands | 4,446,000 | 5,106,000 | 4,240,000 | 2,840,000 | 3,266,000 |
| Payables turnover | 7.43 | 5.56 | 4.41 | 9.62 | 7.86 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $33,030,000K ÷ $4,446,000K
= 7.43
The payables turnover ratio for Delta Air Lines, Inc. has consistently been reported as 0.00 in each of the past five years. This indicates that Delta Air Lines is not effectively managing its accounts payable, as there is no turnover of payables during these periods. A payables turnover ratio of 0.00 suggests that the company is not efficiently paying off its suppliers and creditors, which could potentially strain its relationships with vendors and impact its liquidity management. Delta Air Lines may want to review its payables processes and consider ways to improve efficiency in managing its accounts payable to better support its financial health and operational performance.
Peer comparison
Dec 31, 2023