SkyWest Inc (SKYW)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | — | 2.82 | 3.16 | 2.11 | 10.50 | |
| Number of days of payables | days | — | 129.57 | 115.49 | 173.22 | 34.75 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
The number of days of payables for SkyWest Inc has shown fluctuations over the years. The average number of days of payables increased significantly from 34.75 days as of December 31, 2020, to 173.22 days as of December 31, 2021. However, the company managed to reduce this period to 115.49 days by December 31, 2022. Subsequently, the number of days of payables increased to 129.57 days as of December 31, 2023. As of December 31, 2024, no specific data is available.
The trend suggests that SkyWest Inc may have initially extended its payables period in 2021, possibly to manage cash flows or for strategic purposes. However, the subsequent decrease in 2022 indicates an effort to optimize supplier payment cycles. The increase in 2023 may indicate changing vendor relationships or market conditions influencing payment terms. Continuing to monitor this metric will provide insights into the company's working capital management and supplier relationships.
Peer comparison
Dec 31, 2024