United Airlines Holdings Inc (UAL)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 34,027,000 | 29,543,000 | 15,750,000 | 13,878,000 | 28,352,000 |
| Payables | US$ in thousands | 3,835,000 | 3,395,000 | 2,562,000 | 1,595,000 | 2,703,000 |
| Payables turnover | 8.87 | 8.70 | 6.15 | 8.70 | 10.49 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $34,027,000K ÷ $3,835,000K
= 8.87
The payables turnover ratio for United Airlines Holdings Inc over the past five years has consistently been 0.00. This indicates that the company is not effectively managing its accounts payable turnover. A low or zero payables turnover ratio may suggest that United Airlines is not efficiently utilizing its suppliers' credit terms or is taking an extended period to pay its obligations. This could imply potential liquidity issues or strained relationships with its suppliers. It would be advisable for United Airlines Holdings Inc to closely monitor and improve its payables turnover ratio to ensure better management of its accounts payable and overall financial health.
Peer comparison
Dec 31, 2023