Delta Air Lines Inc (DAL)

Working capital 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
Total current assets	US$ in thousands	11,579,000	10,269,000	12,255,000	13,080,000	13,401,000	13,011,000	14,799,000	17,313,000	15,720,000	15,940,000	17,471,000	19,666,000	17,853,000	17,404,000	25,030,000	18,915,000	10,275,000	8,249,000	6,944,000	7,134,000
Total current liabilities	US$ in thousands	28,478,000	26,418,000	27,556,000	28,482,000	28,417,000	25,940,000	25,870,000	26,324,000	24,060,000	20,966,000	20,924,000	23,573,000	20,688,000	15,927,000	19,725,000	20,150,000	19,392,000	20,204,000	20,211,000	21,164,000
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	10.95	4.52	—	—	—	—	—

March 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $58,180,000K ÷ ($11,579,000K – $28,478,000K)
= —

The working capital turnover for Delta Air Lines Inc has seen fluctuations over the periods provided in the table. In the latest available data, the working capital turnover is not reported. However, in past periods, there are noticeable changes in the efficiency of Delta's working capital management. For example, in December 2020, the working capital turnover was 10.95, indicating that Delta generated $10.95 in revenue for every dollar of working capital invested during that period. This suggests effective utilization of working capital to generate revenue.

In September 2020, the working capital turnover was 4.52, showing a decrease in efficiency compared to the prior period. The absence of data points in some periods indicates that specific details on working capital turnover for those periods are not available. Analyzing working capital turnover can provide insights into how efficiently a company manages its working capital to generate revenue. Further analysis and comparison with industry benchmarks would provide a clearer understanding of Delta's working capital efficiency over time.