SkyWest Inc (SKYW)

Receivables 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
Revenue (ttm)	US$ in thousands	3,599,954	3,371,490	3,186,371	3,005,936	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994
Receivables	US$ in thousands	122,800	112,900	106,900	89,500	82,900	136,300	123,100	120,000	100,500	94,200	97,000	89,400	65,300	—	—	—	34,500	3,557	18,915	18,945
Receivables turnover		29.32	29.86	29.81	33.59	34.87	20.65	23.05	24.29	29.48	32.29	30.97	31.97	40.62	—	—	—	59.93	629.34	133.84	153.76

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,599,954K ÷ $122,800K
= 29.32

The receivables turnover ratio for SkyWest Inc has shown fluctuations over the periods provided. The data indicates that the company's receivables turnover was relatively high in September 2020 at 629.34, signifying that receivables were being collected and converted into cash quickly during that period.

However, there was a significant decline in the receivables turnover ratio by December 2020, dropping to 59.93, which may suggest a slower collection of receivables during that quarter.

The ratio was not available for the first quarter of 2021 and the second quarter of 2021. Subsequently, the ratio decreased throughout 2022 and 2023, indicating a trend of slower conversion of receivables into cash during those periods.

In December 2023, there was a notable increase in the receivables turnover ratio to 34.87, suggesting an improvement in the collection of receivables. However, the ratio declined in the following periods of 2024.

Overall, the trend in the receivables turnover ratio for SkyWest Inc shows variability, with periods of high and low turnover rates. It is essential for the company to effectively manage its receivables to ensure a consistent and efficient flow of cash within the business operations.