Delta Air Lines Inc (DAL)

Working capital 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
Total current assets	US$ in thousands	9,844,000	11,062,000	11,588,000	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
Total current liabilities	US$ in thousands	26,670,000	28,118,000	28,759,000	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
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	10.95	4.52	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $61,398,000K ÷ ($9,844,000K – $26,670,000K)
= —

The working capital turnover ratio for Delta Air Lines Inc shows fluctuations over the periods indicated in the financial data provided.

- As of September 30, 2020, the working capital turnover was 4.52, indicating that Delta's working capital was turned over approximately 4.52 times during that period.
- By December 31, 2020, there was a significant increase in the working capital turnover ratio to 10.95, which suggests that the company's working capital was being managed more efficiently and turned over almost 11 times.
- The data for the following periods, up to December 31, 2024, indicates that working capital turnover was not available or not calculable, which could suggest possible fluctuations or challenges in managing working capital efficiently.

Overall, based on the available data, we can infer that Delta Air Lines Inc improved its working capital turnover significantly by the end of December 2020, but information on subsequent periods is needed to assess the continued efficiency in managing working capital.