Delta Air Lines Inc (DAL)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 61,398,000 | 59,858,000 | 59,460,000 | 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 |
| Receivables | US$ in thousands | 3,224,000 | 3,550,000 | 3,812,000 | 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 |
| Receivables turnover | 19.04 | 16.86 | 15.60 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $61,398,000K ÷ $3,224,000K
= 19.04
The receivables turnover ratio for Delta Air Lines Inc has shown fluctuations over the past few years, ranging from a high of 24.52 in June 2020 to a low of 6.23 in March 2021. This ratio indicates the efficiency with which the company is able to collect outstanding receivables from its customers. A higher turnover ratio signifies a better ability to collect receivables in a timely manner.
From the data provided, we can observe a general downward trend in the receivables turnover ratio from March 2020 to December 2021, indicating potential challenges in collecting receivables efficiently during this period. However, there seems to be a gradual improvement in the ratio from March 2022 onwards, with the ratio reaching a peak of 19.04 in December 2024.
It is essential for Delta Air Lines Inc to closely monitor its receivables turnover ratio to ensure that it maintains an optimal balance between extending credit to customers and collecting receivables promptly. A consistent and healthy receivables turnover ratio is crucial for the company's financial health and overall operational efficiency.
Peer comparison
Dec 31, 2024