JetBlue Airways Corp (JBLU)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,279,000 | 9,327,000 | 9,315,000 | 9,497,000 | 9,616,000 | 9,706,000 | 9,915,000 | 9,750,000 | 9,158,000 | 8,577,000 | 7,987,000 | 7,041,000 | 6,038,000 | 4,865,000 | 3,385,000 | 2,101,000 | 2,956,000 | 4,326,000 | 5,920,000 | 7,810,000 |
| Total current assets | US$ in thousands | 4,258,000 | 4,555,000 | 2,084,000 | 2,164,000 | 2,160,000 | 973,000 | 1,462,000 | 2,098,000 | 1,916,000 | 2,611,000 | 2,994,000 | 3,272,000 | 3,247,000 | 3,690,000 | 2,409,000 | 3,608,000 | 3,345,000 | 3,455,000 | 3,777,000 | 2,194,000 |
| Total current liabilities | US$ in thousands | 3,881,000 | 3,755,000 | 3,894,000 | 4,022,000 | 3,628,000 | 3,723,000 | 3,890,000 | 4,010,000 | 3,748,000 | 3,903,000 | 4,065,000 | 4,026,000 | 3,417,000 | 3,566,000 | 3,973,000 | 3,131,000 | 2,674,000 | 2,808,000 | 3,985,000 | 3,622,000 |
| Working capital turnover | 24.61 | 11.66 | — | — | — | — | — | — | — | — | — | — | — | 39.23 | — | 4.40 | 4.41 | 6.69 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,279,000K ÷ ($4,258,000K – $3,881,000K)
= 24.61
Working capital turnover is a financial ratio that measures how efficiently a company is utilizing its working capital to generate sales revenue. In the case of JetBlue Airways Corp, the working capital turnover fluctuated over the reported periods.
In September 2020, the working capital turnover was 6.69, indicating that JetBlue was generating $6.69 in sales for every dollar of working capital invested. However, this ratio decreased to 4.41 by December 2020, suggesting a less efficient use of working capital during that period.
The ratio remained relatively stable around 4.40 in March 2021 and June 2021, but then significantly increased to 39.23 in September 2021. This spike in working capital turnover indicates a drastic improvement in efficiency, with JetBlue generating over $39 in sales for each dollar of working capital invested.
Subsequently, the working capital turnover returned to lower levels, with 11.66 in September 2024 and 24.61 in December 2024. These values still suggest efficient utilization of working capital to generate sales revenue.
Overall, the fluctuation in JetBlue's working capital turnover indicates varying levels of efficiency in utilizing its working capital to drive revenue generation over the reported periods. It is important for the company to closely monitor and manage its working capital to ensure optimal performance and sustainable growth.
Peer comparison
Dec 31, 2024