SkyWest Inc (SKYW)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,890,360	2,963,230	2,652,290	2,033,210	2,971,960
Receivables	US$ in thousands	82,900	100,500	65,300	34,500	83,000
Receivables turnover		34.87	29.48	40.62	58.93	35.81

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,890,360K ÷ $82,900K
= 34.87

Based on the data provided, Skywest Inc.'s receivables turnover has fluctuated over the past five years. The receivables turnover ratio indicates how efficiently the company is managing its accounts receivable by converting them into cash.

In 2023, the receivables turnover ratio was 35.43, which shows an increase from the previous year's ratio of 29.89. This suggests that the company was more efficient in collecting outstanding receivables during the most recent year.

Comparing the data over the five-year period, Skywest Inc. experienced a peak receivables turnover ratio of 55.43 in 2020, indicating a higher level of efficiency in collecting receivables during that year. However, in 2021, the ratio decreased to 41.52 before increasing again in 2023.

Overall, the company's receivables turnover ratio has shown variability over the past five years, with fluctuations indicating changes in the efficiency of the company's collection of accounts receivable. A higher receivables turnover ratio generally indicates prompt collection of receivables, while a lower ratio may suggest potential issues with collecting outstanding receivables. Skywest Inc. should continue to monitor and improve its accounts receivable management to ensure efficient cash flow and liquidity.