JetBlue Airways Corp (JBLU)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,518,000 | 9,577,000 | 9,782,000 | 9,605,000 | 9,012,000 | 8,482,000 | 7,977,000 | 7,012,000 | 5,984,000 | 4,811,000 | 3,226,000 | 1,956,000 | 2,844,000 | 4,214,000 | 5,864,000 | 7,776,000 | 8,061,000 | 7,998,000 | 7,894,000 | 7,710,000 |
| Receivables | US$ in thousands | 336,000 | 329,000 | 309,000 | 331,000 | 317,000 | 298,000 | 291,000 | 248,000 | 207,000 | 210,000 | 276,000 | 153,000 | 98,000 | 91,000 | 85,000 | 101,000 | 231,000 | 251,000 | 282,000 | 338,000 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,518,000K ÷ $336,000K
= 28.33
The receivables turnover ratio for Jetblue Airways Corp has shown a fluctuating trend over the past eight quarters. The ratio ranged between 27.44 and 32.09 during this period, indicating the number of times the company collected its accounts receivable during each fiscal quarter.
In Q2 2023, the receivables turnover ratio spiked to 32.09, showcasing an efficient collection of accounts receivable compared to the previous quarters. However, this was followed by a slight dip in Q3 2023 to 29.50, which was still relatively high compared to the ratios from Q4 2022 to Q2 2023.
Overall, Jetblue Airways Corp has maintained relatively stable receivables turnover ratios above 28 throughout the observed period. This implies the company has been effectively managing its accounts receivable collection process. However, further analysis would be beneficial to understand the reasons behind the fluctuations in the turnover ratio and to ensure continued efficiency in managing receivables.
Peer comparison
Dec 31, 2023