JetBlue Airways Corp (JBLU)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,642,000 | 8,711,000 | 7,686,000 | 5,687,000 | 4,082,000 |
| Inventory | US$ in thousands | 158,000 | 109,000 | 87,000 | 74,000 | 71,000 |
| Inventory turnover | 29.38 | 79.92 | 88.34 | 76.85 | 57.49 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,642,000K ÷ $158,000K
= 29.38
The inventory turnover for JetBlue Airways Corp has shown a fluctuating trend over the past five years. Starting at 57.49 in December 2020, it increased to 76.85 by December 2021, further rising to 88.34 by December 2022. However, in December 2023, there was a slight decline to 79.92, followed by a significant drop to 29.38 by December 2024.
The higher the inventory turnover ratio, the better, as it indicates that the company is efficiently managing its inventory by selling goods quickly. A rising trend in inventory turnover can signify efficient inventory management practices and potentially lower holding costs. However, the notable decrease in inventory turnover in December 2024 could indicate potential concerns such as overstocking, slowing sales, or ineffective inventory management strategies that may need further investigation and improvement.
Peer comparison
Dec 31, 2024