United Airlines Holdings Inc (UAL)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	34,027,000	32,874,000	32,030,000	31,321,000	29,543,000	27,570,000	23,864,000	19,267,000	15,750,000	9,724,000	8,552,000	7,278,000	11,929,000	12,208,000	16,420,000	21,579,000	21,027,000	21,198,000	21,275,000	21,075,000
Inventory	US$ in thousands	1,561,000	1,513,000	1,290,000	1,196,000	1,109,000	1,116,000	1,153,000	1,068,000	983,000	955,000	912,000	918,000	932,000	961,000	955,000	1,070,000	1,072,000	1,065,000	996,000	972,000
Inventory turnover		21.80	21.73	24.83	26.19	26.64	24.70	20.70	18.04	16.02	10.18	9.38	7.93	12.80	12.70	17.19	20.17	19.61	19.90	21.36	21.68

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $34,027,000K ÷ $1,561,000K
= 21.80

United Airlines Holdings Inc has consistently reported an inventory turnover ratio of 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its inventory levels in relation to its sales. An inventory turnover ratio of 0.00 suggests that the company is not efficiently selling its inventory or that it has excessive levels of inventory on hand. This may lead to potential issues such as higher storage and holding costs, potential obsolescence of inventory, and a lower overall profitability for the company. It is important for United Airlines Holdings Inc to assess its inventory management practices and take steps to improve its inventory turnover ratio to enhance operational efficiency and financial performance.