SkyWest Inc (SKYW)
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 | 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 |
| Payables | US$ in thousands | 470,251 | 486,731 | 457,310 | 452,214 | 422,001 | 381,400 | 437,838 | 412,757 | 496,333 | 427,903 | 299,757 | 315,238 | 278,677 | 244,047 | 322,460 | 407,290 | 284,473 | 328,854 | 321,249 | 340,195 |
| Payables turnover | 2.80 | 2.92 | 3.05 | 3.01 | 3.14 | 2.98 | 2.69 | 4.03 | 4.10 | 6.33 | 9.79 | 8.52 | 10.49 | 12.08 | 10.03 | 8.73 | 12.42 | 11.37 | 12.03 | 11.74 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,316,148K ÷ $470,251K
= 2.80
The payables turnover ratio for Skywest Inc. has consistently been recorded as 0.00 across all quarters in the provided data. This indicates that the company is not effectively utilizing its accounts payable to support its operations or generate revenue. A low payables turnover ratio may suggest that Skywest Inc. is not efficiently managing its trade credit or supplier relationships. Further investigation into the company's payment policies, cash flow management, and working capital practices is recommended to understand the reasons behind the consistently low payables turnover ratio.
Peer comparison
Dec 31, 2023