JetBlue Airways Corp (JBLU)
Inventory turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,532,000 | 7,542,000 | 7,519,000 | 7,718,000 | 7,410,000 | 7,017,000 | 6,598,000 | 5,887,000 | 5,272,000 | 4,694,000 | 4,066,000 | 3,505,000 | 3,996,000 | 4,492,000 | 5,060,000 | 5,736,000 | 5,585,000 | 5,873,000 | 5,831,000 | 5,728,000 |
| Inventory | US$ in thousands | 109,000 | 97,000 | 89,000 | 76,000 | 87,000 | 79,000 | 73,000 | 68,000 | 74,000 | 64,000 | 59,000 | 68,000 | 71,000 | 70,000 | 71,000 | 81,000 | 81,000 | 84,000 | 85,000 | 86,000 |
| Inventory turnover | 69.10 | 77.75 | 84.48 | 101.55 | 85.17 | 88.82 | 90.38 | 86.57 | 71.24 | 73.34 | 68.92 | 51.54 | 56.28 | 64.17 | 71.27 | 70.81 | 68.95 | 69.92 | 68.60 | 66.60 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,532,000K ÷ $109,000K
= 69.10
Based on the data provided, Jetblue Airways Corp has consistently reported an inventory turnover ratio of 0.00 for each quarter spanning from Q1 2022 to Q4 2023. An inventory turnover ratio of 0.00 indicates that the company is not effectively selling its inventory or that its inventory levels are significantly inflated compared to its sales volume. This could be a cause for concern as it may imply that the company's inventory management practices are inefficient or that there could be issues with demand for its products. Further investigation and analysis are needed to determine the underlying reasons for this consistently low inventory turnover ratio and to implement strategies to improve it.
Peer comparison
Dec 31, 2023
Dec 31, 2023