JetBlue Airways Corp (JBLU)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,550,000 | 8,613,000 | 8,724,000 | 8,337,000 | 8,093,000 | 8,080,000 | 7,825,000 | 8,020,000 | 7,687,000 | 7,365,000 | 6,994,000 | 6,316,000 | 5,687,000 | 5,064,000 | 4,378,000 | 3,765,000 | 4,080,000 | 4,580,000 | 5,145,000 | 5,849,000 |
| Inventory | US$ in thousands | 158,000 | 140,000 | 130,000 | 111,000 | 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 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,550,000K ÷ $158,000K
= 54.11
The inventory turnover ratio for JetBlue Airways Corp has been showing a consistent trend over the past few years. The ratio measures how efficiently the company is managing its inventory by indicating how many times during a specific period the company has sold and replaced its inventory.
Looking at the data provided, we see that the inventory turnover ratio has generally been quite high, ranging from a low of 54.11 to a high of 105.53. This suggests that JetBlue Airways Corp has been effectively managing its inventory, with a high rate of inventory turnover, indicating that the company is able to quickly sell and replenish its inventory.
It is worth noting that there have been fluctuations in the inventory turnover ratio over the years, which can be influenced by various factors such as changes in demand, supply chain disruptions, or strategic inventory management decisions. However, the overall trend shows that JetBlue Airways Corp has been maintaining a strong level of efficiency in managing its inventory.
In conclusion, based on the inventory turnover ratios provided, JetBlue Airways Corp appears to have a sound inventory management system in place, ensuring that the company can effectively control its inventory levels and optimize its operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024