JetBlue Airways Corp (JBLU)

Days of inventory on hand (DOH)

		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
Inventory turnover		54.11	61.52	67.11	75.11	74.25	83.30	87.92	105.53	88.36	93.23	95.81	92.88	76.85	79.12	74.20	55.37	57.46	65.43	72.46	72.21
DOH	days	6.75	5.93	5.44	4.86	4.92	4.38	4.15	3.46	4.13	3.92	3.81	3.93	4.75	4.61	4.92	6.59	6.35	5.58	5.04	5.05

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 54.11
= 6.75

Days of Inventory on Hand (DOH) is a financial ratio that measures the number of days a company takes to sell its average inventory balance. A lower DOH indicates that a company is efficiently managing its inventory, while a higher DOH may suggest overstocking or slow-moving inventory.

Analyzing JetBlue Airways Corp's DOH over the past years, we observe fluctuations in the ratio. From March 2020 to December 2020, the DOH increased from 5.05 days to 6.35 days, indicating a potential slowdown in inventory turnover. However, from March 2021 to June 2022, there was a significant decrease in DOH, reaching a low of 3.81 days, suggesting improved inventory management efficiency during that period.

In the later periods, the DOH fluctuated within a range but generally remained below the initial levels seen in 2020. Notably, in March 2023, the DOH dropped to 3.46 days, reflecting an efficient inventory turnover rate. However, there was a slight increase in DOH by December 2024, reaching 6.75 days, indicating a longer period to sell inventory compared to previous quarters.

Overall, JetBlue Airways Corp's DOH has shown varying trends over the analyzed period. It is essential for the company to monitor inventory levels closely to ensure optimal balance between stocking enough inventory to meet demand and avoiding excess inventory that could tie up capital.