JetBlue Airways Corp (JBLU)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	9,521,000	9,010,000	5,882,000	2,794,000	8,060,000
Receivables	US$ in thousands	336,000	317,000	207,000	98,000	231,000
Receivables turnover		28.34	28.42	28.42	28.51	34.89

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $9,521,000K ÷ $336,000K
= 28.34

The receivables turnover of Jetblue Airways Corp has been gradually decreasing over the past five years. The ratio was 28.62 in 2023, down from 28.89 in 2022, 29.16 in 2021, 30.17 in 2020, and 35.04 in 2019. This declining trend indicates that the company is taking longer to collect its accounts receivable, which could be a potential red flag for liquidity management. It is important to closely monitor this trend to understand the underlying reasons and take appropriate actions to improve the efficiency of receivables management in the future.