Southwest Airlines Company (LUV)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 21,023,000 | 20,173,000 | 19,855,000 | 19,424,000 | 18,545,000 | 17,525,000 | 16,529,000 | 15,291,000 | 14,037,000 | 12,535,000 | 11,405,000 | 10,618,000 | 11,327,000 | 12,870,000 | 13,935,000 | 15,239,000 | 15,529,000 | 16,343,000 | 16,394,000 | 16,336,000 |
| Payables | US$ in thousands | 1,862,000 | 1,736,000 | 1,882,000 | 1,729,000 | 2,004,000 | 1,553,000 | 1,908,000 | 1,648,000 | 1,282,000 | 1,229,000 | 1,378,000 | 1,094,000 | 931,000 | 980,000 | 970,000 | 1,043,000 | 1,574,000 | 1,274,000 | 1,330,000 | 1,412,000 |
| Payables turnover | 11.29 | 11.62 | 10.55 | 11.23 | 9.25 | 11.28 | 8.66 | 9.28 | 10.95 | 10.20 | 8.28 | 9.71 | 12.17 | 13.13 | 14.37 | 14.61 | 9.87 | 12.83 | 12.33 | 11.57 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $21,023,000K ÷ $1,862,000K
= 11.29
The payables turnover ratio for Southwest Airlines Co has been consistently reported as 0.00 across all quarters in the provided data. This indicates that the company is not effectively managing its accounts payable during these periods. A payables turnover ratio of 0.00 suggests that Southwest Airlines is taking an extended period to pay its suppliers, which may have implications for the company's liquidity and supplier relationships. Further analysis and investigation into the reasons behind this prolonged payment period are advisable to address any potential cash flow and operational management issues.
Peer comparison
Dec 31, 2023