JetBlue Airways Corp (JBLU)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 28.33 29.11 31.66 29.02 28.43 28.46 27.41 28.27 28.91 22.91 11.69 12.78 29.02 46.31 68.99 76.99 34.90 31.86 27.99 22.81
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
Working capital turnover — — — — — — — — — 38.80 14.47 4.10 4.24 6.51 — — — — — —

Inventory turnover for Jetblue Airways Corp has consistently been at 0.00 for all quarters in the data provided. This indicates that the company is not efficiently managing its inventory levels and may have excess or obsolete inventory.

Receivables turnover has shown relatively stable performance, ranging from 28.39 to 32.09 over the past eight quarters. This suggests that Jetblue is efficiently collecting revenue from its customers within a reasonable timeframe.

Payables turnover also remains at 0.00 for all quarters, implying that the company is not effectively managing its payment cycles with suppliers.

Unfortunately, the data does not provide information on the working capital turnover ratio for Jetblue Airways Corp, making it difficult to assess the efficiency of the company in generating revenue in relation to its working capital levels.

Average number of days

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
Days of inventory on hand (DOH) days 5.28 4.69 4.32 3.59 4.29 4.11 4.04 4.22 5.12 4.98 5.30 7.08 6.49 5.69 5.12 5.15 5.29 5.22 5.32 5.48
Days of sales outstanding (DSO) days 12.89 12.54 11.53 12.58 12.84 12.82 13.32 12.91 12.63 15.93 31.23 28.55 12.58 7.88 5.29 4.74 10.46 11.45 13.04 16.00
Number of days of payables days 31.06 33.44 33.93 29.60 26.21 31.21 32.36 38.69 34.55 44.71 47.58 39.05 33.34 33.07 25.03 26.85 26.21 28.90 31.55 30.71

Based on the provided data for Jetblue Airways Corp's activity ratios, we can see that the Days of Sales Outstanding (DSO) have fluctuated over the past eight quarters. In Q2 2023, the DSO reached its lowest point at 11.38 days, indicating an improvement in the company's ability to collect its accounts receivable efficiently. However, there was a slight increase in Q3 2023 to 12.37 days before decreasing again in Q4 2023 to 12.76 days.

Unfortunately, the data for Days of Inventory on Hand (DOH) and Number of Days of Payables are missing, making it challenging to provide a comprehensive analysis of Jetblue Airways Corp's overall efficiency in managing inventory and paying its suppliers. It would be beneficial to have this missing data to gain a more complete picture of the company's activity ratios.

Overall, the trend in DSO suggests that Jetblue Airways Corp has been successful in managing its accounts receivable efficiently in recent quarters, which is a positive indicator of the company's liquidity and financial health. However, additional information on inventory management and payables turnover would provide further insight into the company's operational efficiency.

Long-term

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
Fixed asset turnover 0.98 1.01 1.05 1.05 0.99 0.94 0.90 0.79 0.68 0.55 0.37 0.23 0.34 0.50 0.67 0.89 0.94 0.96 0.96 0.96
Total asset turnover 0.69 0.71 0.73 0.73 0.69 0.64 0.59 0.51 0.44 0.34 0.22 0.14 0.21 0.31 0.42 0.63 0.68 0.71 0.70 0.69

Analysis of Jetblue Airways Corp Long-Term Activity Ratios:

1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently Jetblue is utilizing its fixed assets to generate revenue.
- Over the past eight quarters, Jetblue's fixed asset turnover ratio has been relatively stable, ranging from 0.79 to 1.07.
- The ratio peaked in Q2 2023 at 1.07, indicating that Jetblue generated $1.07 in revenue for every dollar invested in fixed assets during that quarter.
- Overall, the trend suggests that Jetblue has been effectively utilizing its fixed assets to generate revenue.

2. Total Asset Turnover:
- The total asset turnover ratio indicates the efficiency of Jetblue in generating revenue from its total assets, including both fixed and current assets.
- Jetblue's total asset turnover ratio has shown an increasing trend over the past eight quarters, rising from 0.51 in Q1 2022 to 0.74 in Q2-Q4 2023.
- A higher total asset turnover ratio indicates that Jetblue is generating more revenue per dollar of total assets, which is a positive sign of efficiency in asset utilization.
- The increasing trend in total asset turnover suggests that Jetblue has been improving its efficiency in generating revenue from its total asset base over time.

Overall, Jetblue Airways Corp has demonstrated efficiency in utilizing both fixed and total assets to generate revenue, as evidenced by relatively stable and improving long-term activity ratios over the analyzed period.