Southwest Airlines Company (LUV)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|---|---|
| Inventory turnover | 29.89 | 28.78 | 27.10 | 24.13 | 21.74 |
| Receivables turnover | 24.42 | 24.76 | 22.61 | 22.90 | 11.64 |
| Payables turnover | — | 67.92 | 82.52 | 68.82 | 74.84 |
| Working capital turnover | — | — | 15.36 | 5.38 | 1.78 |
Average number of days
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 12.21 | 12.68 | 13.47 | 15.13 | 16.79 |
| Days of sales outstanding (DSO) | days | 14.94 | 14.74 | 16.14 | 15.94 | 31.37 |
| Number of days of payables | days | — | 5.37 | 4.42 | 5.30 | 4.88 |
Long-term
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 1.32 | 1.35 | 1.27 | 1.27 | 0.96 |
| Total asset turnover | 0.97 | 0.81 | 0.72 | 0.67 | 0.43 |