Delta Air Lines Inc (DAL)
Payables turnover
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 33,566,000 | 33,029,000 | 31,753,000 | 30,922,000 | 30,016,000 | 28,383,000 | 26,019,000 | 23,336,000 | 20,587,000 | 18,735,000 | 17,460,000 | 20,730,000 | 21,524,000 | 22,889,000 | 25,555,000 | 23,946,000 | 25,191,000 | 25,685,000 | 27,933,000 | 27,885,000 |
| Payables | US$ in thousands | 4,541,000 | 4,446,000 | 5,320,000 | 5,114,000 | 4,754,000 | 5,106,000 | 4,958,000 | 5,353,000 | 4,810,000 | 4,240,000 | 4,017,000 | 3,930,000 | 3,432,000 | 2,840,000 | 2,403,000 | 2,332,000 | 3,337,000 | 3,266,000 | 3,470,000 | 3,359,000 |
| Payables turnover | 7.39 | 7.43 | 5.97 | 6.05 | 6.31 | 5.56 | 5.25 | 4.36 | 4.28 | 4.42 | 4.35 | 5.27 | 6.27 | 8.06 | 10.63 | 10.27 | 7.55 | 7.86 | 8.05 | 8.30 |
March 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $33,566,000K ÷ $4,541,000K
= 7.39
Delta Air Lines Inc's payables turnover has exhibited some fluctuations over the past several quarters. The payables turnover ratio measures how efficiently a company manages its trade credit obligations, indicating the number of times a company pays off its accounts payable during a specific period.
Over the period under review, Delta's payables turnover ratio has ranged from a low of 4.28 to a high of 10.63. The higher the ratio, the more frequently Delta is paying off its suppliers, which could indicate efficient management of trade credit.
The trend in the payables turnover ratio shows some variability, with some quarters showing higher efficiency in managing payables compared to others. This variability could be influenced by a range of factors, including changes in purchasing patterns, payment terms negotiated with suppliers, or overall business performance.
It is important to monitor Delta's payables turnover ratio over time and compare it to industry benchmarks to assess the effectiveness of its payables management strategy. Overall, a stable or increasing trend in the payables turnover ratio may indicate that Delta is effectively managing its accounts payable and maintaining good relationships with its suppliers.
Peer comparison
Mar 31, 2024