SkyWest Inc (SKYW)

Receivables 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
Revenue (ttm)	US$ in thousands	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	2,971,964	3,101,452	3,170,241	3,235,332
Receivables	US$ in thousands	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	83,000	24,478	23,077	78,370
Receivables turnover		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	35.81	126.70	137.38	41.28

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,890,358K ÷ $82,900K
= 34.87

The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. A higher turnover ratio indicates that the company is collecting payments quickly, while a lower ratio may suggest potential issues with collecting receivables.

Analyzing Skywest Inc.'s receivables turnover based on the provided data shows fluctuations over the past eight quarters. The ratios ranged from a low of 24.11 in Q3 2023 to a high of 42.83 in Q1 2022. Notably, the ratio has shown a declining trend in the most recent quarters, indicating a potential slowdown in the collection of receivables.

The overall average receivables turnover for the period covered is around 33.74, suggesting that, on average, Skywest Inc. collects payments from customers approximately 33.74 times a year. It is essential to monitor the trend in the receivables turnover ratio over time to assess the company's efficiency in managing its accounts receivable and its overall financial health.