SkyWest Inc (SKYW)
Working capital 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 |
| Total current assets | US$ in thousands | 1,117,070 | 1,131,900 | 1,371,280 | 1,068,590 | 982,802 |
| Total current liabilities | US$ in thousands | 1,429,590 | 1,254,290 | 1,172,540 | 1,194,620 | 941,722 |
| Working capital turnover | — | — | 14.91 | — | 49.49 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,629,780K ÷ ($1,117,070K – $1,429,590K)
= —
Based on the provided data for SkyWest Inc's working capital turnover, we can see fluctuations in this ratio over the years.
1. As of December 31, 2020, the working capital turnover was notably high at 49.49, indicating that the company efficiently managed its working capital to generate revenue during that period.
2. The data for December 31, 2021 is missing (marked as "—"), making it difficult to assess the company's efficiency in utilizing its working capital in that particular year.
3. The ratio significantly decreased to 14.91 on December 31, 2022, which suggests a decline in the company's ability to convert its working capital into sales. This could indicate inefficiencies in managing working capital or a decrease in revenue generation relative to the working capital invested.
4. The lack of data for December 31, 2023 and December 31, 2024 limits our ability to provide a comprehensive trend analysis of SkyWest Inc's working capital turnover for those years.
In summary, the fluctuating values of the working capital turnover ratio for SkyWest Inc indicate varying levels of efficiency in converting working capital into revenue over the years. Further analysis of the company's financial performance and operational activities would be necessary to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2024