Delta Air Lines Inc (DAL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 58,180,000 | 57,151,000 | 56,332,000 | 54,746,000 | 52,914,000 | 49,453,000 | 45,408,000 | 40,372,000 | 33,646,000 | 28,386,000 | 22,842,000 | 16,956,000 | 11,442,000 | 16,166,000 | 23,997,000 | 33,716,000 | 44,903,000 | 46,779,000 | 46,082,000 | 45,545,000 |
| Receivables | US$ in thousands | 3,748,000 | 3,130,000 | 3,214,000 | 3,122,000 | 3,224,000 | 3,176,000 | 3,097,000 | 3,093,000 | 3,039,000 | 2,404,000 | 2,183,000 | 2,258,000 | 1,837,000 | 1,396,000 | 1,503,000 | 1,375,000 | 2,280,000 | 2,854,000 | 2,836,000 | 2,844,000 |
| Receivables turnover | 15.52 | 18.26 | 17.53 | 17.54 | 16.41 | 15.57 | 14.66 | 13.05 | 11.07 | 11.81 | 10.46 | 7.51 | 6.23 | 11.58 | 15.97 | 24.52 | 19.69 | 16.39 | 16.25 | 16.01 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $58,180,000K ÷ $3,748,000K
= 15.52
The receivables turnover ratio of Delta Air Lines Inc has shown fluctuations over the past few quarters. The ratio measures how efficiently the company is collecting its accounts receivable from customers.
From March 31, 2024, to March 31, 2020, the receivables turnover ratio ranged from 15.52 to 24.52, indicating a relatively stable trend. A high receivables turnover ratio suggests that Delta Air Lines Inc is collecting its accounts receivable quickly.
The ratio peaked at 24.52 on June 30, 2020, which may indicate an efficient collection process during that period. However, the ratio experienced a sharp decline to 6.23 on March 31, 2021, before gradually increasing again.
Overall, fluctuations in the receivables turnover ratio can be attributed to various factors such as changes in credit policies, economic conditions, or customer payment behavior. It is important for Delta Air Lines Inc to monitor this ratio consistently to ensure optimal management of its accounts receivable and cash flow.
Peer comparison
Mar 31, 2024