JetBlue Airways Corp (JBLU)
Payables 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 |
| Payables | US$ in thousands | 641,000 | 691,000 | 699,000 | 626,000 | 532,000 | 600,000 | 585,000 | 624,000 | 499,000 | 575,000 | 530,000 | 375,000 | 365,000 | 407,000 | 347,000 | 422,000 | 401,000 | 465,000 | 504,000 | 482,000 |
| Payables turnover | 11.75 | 10.91 | 10.76 | 12.33 | 13.93 | 11.70 | 11.28 | 9.43 | 10.57 | 8.16 | 7.67 | 9.35 | 10.95 | 11.04 | 14.58 | 13.59 | 13.93 | 12.63 | 11.57 | 11.88 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,532,000K ÷ $641,000K
= 11.75
Jetblue Airways Corp's payables turnover ratio has been consistently reported as 0.00 across all the quarters analyzed, indicating a significant delay in paying its suppliers and service providers. A payables turnover ratio of 0.00 suggests that the company is not effectively managing its accounts payable, which could potentially strain relationships with vendors and impact its working capital management. It is essential for Jetblue Airways Corp to address this issue and improve its payables turnover ratio to ensure efficient cash flow management and maintain healthy relationships with its creditors.
Peer comparison
Dec 31, 2023