SkyWest Inc (SKYW)

Days of inventory on hand (DOH)

		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
Inventory turnover		10.41	10.33	10.16	10.27	10.35	11.18	11.30	11.13	10.77	9.56	10.23	15.13	19.57	27.42	29.95	28.14	32.05	31.92	33.09	33.92
DOH	days	35.07	35.33	35.91	35.56	35.25	32.65	32.31	32.81	33.90	38.16	35.68	24.13	18.65	13.31	12.19	12.97	11.39	11.43	11.03	10.76

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.41
= 35.07

The days of inventory on hand (DOH) for SkyWest Inc have shown a fluctuating trend over the past years. The DOH increased gradually from around 10.76 days as of March 31, 2020, to a peak of 38.16 days as of September 30, 2022. Subsequently, there was a decrease in DOH to around 32.31 days as of June 30, 2023.

Following this decrease, the DOH remained relatively stable around the 32-35 days range from September 30, 2023, to December 31, 2024. This stability indicates that SkyWest Inc has been managing its inventory effectively to maintain a balance between the costs associated with holding excess inventory and the risks of running out of inventory. A DOH of 35.07 days as of December 31, 2024, suggests that the company may be holding inventory for slightly more than a month on hand at the current rate of sales.

Overall, while the recent DOH figures indicate some stability in inventory management, it would be essential for SkyWest Inc to monitor and potentially optimize its inventory levels to strike the right balance between operational efficiency and working capital utilization.