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.