JetBlue Airways Corp (JBLU)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,279,000 | 9,615,000 | 9,158,000 | 6,037,000 | 2,957,000 |
| Total current assets | US$ in thousands | 4,100,000 | 2,160,000 | 1,916,000 | 3,247,000 | 3,345,000 |
| Total current liabilities | US$ in thousands | 3,881,000 | 3,628,000 | 3,748,000 | 3,417,000 | 2,674,000 |
| Working capital turnover | 42.37 | — | — | — | 4.41 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,279,000K ÷ ($4,100,000K – $3,881,000K)
= 42.37
Based on the data provided, the working capital turnover for JetBlue Airways Corp has shown significant variability over the years. In 2020, the working capital turnover was 4.41, indicating that the company generated $4.41 in net sales revenue for every dollar invested in working capital.
However, there is missing data for the subsequent years, which makes it challenging to analyze the trend accurately. In 2024, there is a substantial increase in the working capital turnover to 42.37, which suggests a more efficient utilization of working capital to generate sales revenue.
It is important to note that working capital turnover provides insights into how effectively a company is utilizing its working capital to support sales activities. A higher turnover ratio indicates efficient management of working capital, while a lower ratio may point to inefficiencies in the utilization of resources.
Overall, JetBlue Airways Corp's working capital turnover has shown fluctuations, and further analysis of the missing data years would be required to assess the overall trend and effectiveness of working capital management.
Peer comparison
Dec 31, 2024