SkyWest Inc (SKYW)

Inventory 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	1,316,148	1,421,256	1,395,966	1,362,087	1,326,744	1,135,502	1,177,970	1,664,798	2,036,795	2,707,747	2,935,008	2,684,278	2,922,598	2,947,816	3,235,628	3,555,024	3,532,712	3,738,117	3,865,577	3,994,035
Inventory	US$ in thousands	127,114	127,129	123,572	122,426	123,209	118,728	115,142	110,041	104,093	98,763	97,987	95,380	91,196	92,350	97,782	104,800	110,503	111,941	109,844	112,566
Inventory turnover		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	31.97	33.39	35.19	35.48

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,316,148K ÷ $127,114K
= 10.35

Based on the data provided, it appears that Skywest Inc. has consistently reported an inventory turnover ratio of 0.00 for each quarter spanning from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its inventory levels and turnover. A low or zero inventory turnover ratio could suggest inefficiencies in inventory management, such as overstocking, slow-moving inventory, or poor sales forecasting. It is crucial for the company to closely monitor and improve its inventory turnover to optimize working capital, reduce holding costs, and enhance overall operational efficiency. Further analysis and action may be required to address this ongoing issue and improve the company's inventory management practices.