SkyWest Inc (SKYW)

Working capital 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
Total current assets	US$ in thousands	1,131,900	1,371,280	1,068,590	982,802	760,346
Total current liabilities	US$ in thousands	1,254,290	1,172,540	1,194,620	941,722	924,676
Working capital turnover		—	14.91	—	49.49	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,890,360K ÷ ($1,131,900K – $1,254,290K)
= —

The working capital turnover for Skywest Inc. can be calculated as the ratio of net sales to average working capital. Based on the available data, the working capital turnover ratio for the years provided is as follows:

- Dec 31, 2023: Not Available
- Dec 31, 2022: 15.12 times
- Dec 31, 2021: Not Available
- Dec 31, 2020: 51.78 times
- Dec 31, 2019: Not Available

A high working capital turnover ratio indicates that the company is efficiently managing its working capital to generate sales. In the case of Skywest Inc., the significant fluctuations in the working capital turnover ratio over the years suggest varying levels of efficiency in utilizing working capital to generate revenue. The substantial increase from 2022 to 2020 indicates a notable improvement in the company's ability to convert working capital into sales during that period. However, the absence of data for certain years impedes a comprehensive trend analysis.

Further assessment of the company's working capital management practices and financial performance indicators in conjunction with the working capital turnover ratio would provide a more thorough understanding of Skywest Inc.'s operational efficiency and potential areas for improvement.