Delta Air Lines Inc (DAL)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 61,604,000 | 57,151,000 | 49,453,000 | 28,301,000 | 16,166,000 |
| Receivables | US$ in thousands | 3,224,000 | 3,130,000 | 3,176,000 | 2,404,000 | 1,396,000 |
| Receivables turnover | 19.11 | 18.26 | 15.57 | 11.77 | 11.58 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $61,604,000K ÷ $3,224,000K
= 19.11
Delta Air Lines Inc's receivables turnover has shown a generally increasing trend over the past five years. The ratio has improved from 11.58 in December 31, 2020, to 19.11 in December 31, 2024. This indicates that the company is collecting its accounts receivable more efficiently, with a significant increase in turnover over the period analyzed. A higher receivables turnover ratio suggests that Delta Air Lines is collecting payments from its customers at a faster pace, which can be a positive sign for the company's financial health and liquidity. This improvement may be attributed to better credit policies, collection procedures, or a stronger customer base. Overall, the upward trend in receivables turnover is a favorable indicator of Delta Air Lines' effectiveness in managing its accounts receivable.
Peer comparison
Dec 31, 2024