JetBlue Airways Corp (JBLU)
Working capital 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 |
| Total current assets | US$ in thousands | 2,160,000 | 1,916,000 | 3,245,000 | 3,345,000 | 1,786,000 |
| Total current liabilities | US$ in thousands | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 | 2,663,000 |
| Working capital turnover | — | — | — | 4.16 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,521,000K ÷ ($2,160,000K – $3,628,000K)
= —
Based on the available data, Jetblue Airways Corp's working capital turnover for the year ended December 31, 2020, was 4.41 times. This indicates that the company generated $4.41 in revenue for every dollar of working capital invested during that period. Unfortunately, we do not have data for the other years to provide a trend analysis or to compare the company's performance to industry averages. However, a high working capital turnover ratio generally suggests that the company efficiently manages its working capital to support sales growth. It would be beneficial to assess this metric over multiple periods to properly evaluate Jetblue Airways Corp's working capital management effectiveness.
Peer comparison
Dec 31, 2023