SkyWest Inc (SKYW)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,629,780 | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 |
| Receivables | US$ in thousands | 122,800 | 82,900 | 100,500 | 65,300 | 34,500 |
| Receivables turnover | 29.56 | 34.87 | 29.48 | 40.62 | 58.93 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,629,780K ÷ $122,800K
= 29.56
The receivables turnover ratio for SkyWest Inc has shown a decreasing trend over the past five years. In December 31, 2020, the ratio was 58.93, indicating that the company collected its receivables approximately 58.93 times during that year. However, by December 31, 2024, the ratio had decreased to 29.56.
A decreasing receivables turnover ratio could suggest that SkyWest Inc is taking longer to collect its accounts receivable, which may be a concerning sign. A lower turnover ratio could indicate inefficiencies in the company's collection process or potential issues with credit policies. It is important for SkyWest Inc to closely monitor this ratio and take steps to improve its accounts receivable management to ensure timely collection and improve cash flow.
Peer comparison
Dec 31, 2024