JetBlue Airways Corp (JBLU)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,534,000 | 7,414,000 | 5,272,000 | 4,052,000 | 5,586,000 |
| Payables | US$ in thousands | 641,000 | 532,000 | 499,000 | 365,000 | 401,000 |
| Payables turnover | 11.75 | 13.94 | 10.57 | 11.10 | 13.93 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $7,534,000K ÷ $641,000K
= 11.75
Based on the data provided, Jetblue Airways Corp's payables turnover ratio has been consistently reported as 0.00 for the past five years, indicating that the company is not effectively managing its accounts payable. A payables turnover ratio of 0.00 suggests that the company is not utilizing its trade credit efficiently. It could be a cause for concern as it may indicate issues with payment terms, supplier relationships, or cash flow management. Further analysis and investigation into the company's accounts payable processes and liquidity management may be necessary to address this issue and improve operational efficiency.
Peer comparison
Dec 31, 2023