SkyWest Inc (SKYW)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,456,150 | 1,324,750 | 1,333,740 | 1,045,820 | 2,926,800 |
| Inventory | US$ in thousands | 139,002 | 127,114 | 123,209 | 104,093 | 91,196 |
| Inventory turnover | 10.48 | 10.42 | 10.83 | 10.05 | 32.09 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,456,150K ÷ $139,002K
= 10.48
The inventory turnover ratio for SkyWest Inc has exhibited a notable trend over the past five years. Starting at a high level of 32.09 in December 31, 2020, the ratio has substantially decreased to 10.05 by December 31, 2021. This significant decline suggests a slower rate of inventory turnover within the company during the stated period. Subsequently, the turnover ratio remained relatively stable around the range of 10.0 to 10.8 for the following years, indicating a consistent performance in managing inventory levels. Overall, the downward trend observed in the initial year followed by a plateau in subsequent years may indicate potential efficiency improvements in inventory management practices to optimize working capital and operational effectiveness.
Peer comparison
Dec 31, 2024