JetBlue Airways Corp (JBLU)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 24.61 | 11.66 | — | — | — | — | — | — | — | — | — | — | — | 39.23 | — | 4.40 | 4.41 | 6.69 | — | — |
The activity ratios for JetBlue Airways Corp provide insight into the efficiency of its operations:
1. Inventory Turnover: The inventory turnover ratio measures how many times a company sells and replaces its inventory over a specific period. JetBlue's inventory turnover has been consistently high, ranging from 54.11 to 105.53 over the years. This indicates that JetBlue is efficient in managing its inventory levels and turning over its inventory quickly.
2. Receivables Turnover: Unfortunately, there is no available data for JetBlue's receivables turnover ratio, which would have indicated how quickly the company collects on its credit sales. Without this information, it is not possible to evaluate JetBlue's effectiveness in collecting payments from customers.
3. Payables Turnover: Similar to receivables turnover, there is no data provided for JetBlue's payables turnover ratio. This ratio would have shown how quickly the company pays its suppliers, providing insights into its liquidity and credit terms.
4. Working Capital Turnover: The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. JetBlue's working capital turnover has fluctuated over the years, ranging from 4.41 to 39.23. A higher ratio indicates better efficiency in using working capital to generate revenue.
Overall, based on the available data, JetBlue demonstrates strong efficiency in managing its inventory levels and working capital, which are crucial aspects of its operational performance. However, the lack of information on receivables and payables turnover limits a comprehensive evaluation of the company's overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 6.75 | 5.93 | 5.44 | 4.86 | 4.92 | 4.38 | 4.15 | 3.46 | 4.13 | 3.92 | 3.81 | 3.93 | 4.75 | 4.61 | 4.92 | 6.59 | 6.35 | 5.58 | 5.04 | 5.05 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, JetBlue Airways Corp's Days of Inventory on Hand (DOH) has shown a declining trend over the reported periods, indicating that the company is managing its inventory more efficiently. The DOH decreased from 5.05 days as of March 31, 2020, to 4.75 days as of December 31, 2021, before slightly increasing to 6.75 days as of December 31, 2024. However, the DOH decreased again to 4.92 days as of December 31, 2024, suggesting that JetBlue has been able to control its inventory levels effectively.
On the other hand, the data for Days of Sales Outstanding (DSO) and Number of Days of Payables are not available, which limits a comprehensive analysis of JetBlue's activity ratios. It would be beneficial to have this information to assess the company's collection efficiency and payment terms with suppliers.
In conclusion, JetBlue Airways Corp's management of inventory, as indicated by the DOH ratio, has generally been improving over the periods reported. However, a fuller analysis integrating DSO and payables data would provide a more comprehensive understanding of the company's overall efficiency in managing its working capital and operational activities.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 1.07 | 1.06 | 0.98 | 0.95 | 0.90 | 0.79 | 0.69 | 0.53 | 0.37 | 0.25 | 0.35 | 0.52 | 0.68 | 0.89 |
| Total asset turnover | 0.55 | 0.56 | 0.67 | 0.69 | 0.69 | 0.72 | 0.74 | 0.74 | 0.70 | 0.64 | 0.59 | 0.51 | 0.44 | 0.35 | 0.23 | 0.15 | 0.22 | 0.32 | 0.42 | 0.63 |
The fixed asset turnover ratio for JetBlue Airways Corp has shown a declining trend from March 2020 to September 2021, indicating decreasing efficiency in generating revenue from its fixed assets. However, starting from December 2021, the ratio has been steadily increasing, reaching its peak at June 2023, which suggests improved utilization of fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also exhibited a downward trend initially, indicating a decline in the efficiency of the company in generating sales from its total assets. However, from March 2023 onwards, there has been a stabilization in the ratio indicating better efficiency in the utilization of all assets to generate revenue.
Overall, it is important for JetBlue Airways Corp to continue monitoring and improving both fixed asset turnover and total asset turnover ratios to ensure optimal utilization of assets and enhance profitability in the long term.