SkyWest Inc (SKYW)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	1,446,547	1,410,128	1,365,710	1,333,146	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
Payables	US$ in thousands	—	460,276	479,627	480,654	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
Payables turnover		—	3.06	2.85	2.77	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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,446,547K ÷ $—K
= —

The payables turnover ratio for SkyWest Inc has shown a fluctuating trend over the periods provided. In March 2020, the payables turnover ratio was 8.73, indicating that the company was able to turn over its accounts payables approximately 8.73 times during that period. The ratio increased to 12.08 by September 2020, reflecting a more efficient management of accounts payables.

From September 2021 onwards, the payables turnover ratio began to decline steadily, reaching a low of 2.69 in June 2022. This suggests a slowdown in the rate at which SkyWest Inc is paying off its suppliers. It is important to note that a decreasing payables turnover ratio could potentially signal liquidity issues or strained supplier relationships.

However, from December 2022 to December 2024, the ratio remained relatively stable between 2.77 and 3.06, indicating a consistent but perhaps suboptimal management of payables during this period.

Overall, the varying payables turnover ratios suggest changes in the company's ability to efficiently manage its accounts payables and potentially its working capital management. Further analysis of the company's financial performance and operational strategies would be needed to fully understand the implications of these fluctuations.