SkyWest Inc (SKYW)
Working capital 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 |
| Total current assets | US$ in thousands | 1,117,070 | 1,134,220 | 1,115,160 | 1,069,360 | 1,131,900 | 1,162,000 | 1,183,130 | 1,251,970 | 1,371,280 | 1,262,190 | 1,216,880 | 1,071,970 | 1,068,590 | 1,096,670 | 1,130,830 | 998,781 | 982,802 | 977,278 | 945,849 | 768,968 |
| Total current liabilities | US$ in thousands | 1,429,590 | 1,314,170 | 1,323,930 | 1,312,300 | 1,254,290 | 1,205,670 | 1,165,990 | 1,152,100 | 1,172,540 | 1,159,900 | 1,198,410 | 1,142,290 | 1,194,620 | 1,137,760 | 1,109,360 | 950,438 | 941,722 | 859,904 | 986,187 | 1,019,840 |
| Working capital turnover | — | — | — | — | — | — | 165.55 | 29.18 | 14.91 | 29.74 | 162.62 | — | — | — | 101.83 | 38.79 | 50.33 | 19.07 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,599,954K ÷ ($1,117,070K – $1,429,590K)
= —
Working capital turnover is a financial ratio that measures how efficiently a company utilizes its working capital to generate sales revenue. A higher working capital turnover indicates that the company is managing its working capital effectively.
Based on the provided data for SkyWest Inc:
- The working capital turnover was not available for March and June 2020.
- It increased sharply from September to December 2020, indicating improved efficiency in utilizing working capital.
- The ratio continued to increase through June 2021, reaching a peak of 162.62, demonstrating exceptional efficiency in generating sales from working capital.
- However, the ratio fluctuated in the following periods, indicating some variability in working capital management.
- By September 2023, the working capital turnover had decreased to 29.18, suggesting a potential decline in efficiency.
- As of December 2024, there was no data available, so it is unclear how the company's working capital turnover has evolved in the most recent periods.
Overall, it is important for SkyWest Inc to consistently monitor and manage its working capital turnover to ensure optimal efficiency in utilizing its working capital resources.
Peer comparison
Dec 31, 2024