United Airlines Holdings Inc (UAL)

Payables 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
Payables	US$ in thousands	3,835,000	4,206,000	4,172,000	3,858,000	3,395,000	3,534,000	3,755,000	2,966,000	2,562,000	2,199,000	2,218,000	1,838,000	1,595,000	1,831,000	1,725,000	2,436,000	2,703,000	2,848,000	3,033,000	2,707,000
Payables turnover		8.87	7.82	7.68	8.12	8.70	7.80	6.36	6.50	6.15	4.42	3.86	3.96	7.48	6.67	9.52	8.86	7.78	7.44	7.01	7.79

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $34,027,000K ÷ $3,835,000K
= 8.87

Based on the data provided, United Airlines Holdings Inc's payables turnover ratio has consistently been reported as 0.00 for each quarter from Q1 2022 to Q4 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable during the periods in question. This could imply that United Airlines is taking an exceptionally long time to pay its suppliers, potentially leading to strained supplier relationships or missed opportunities for taking advantage of prompt payment discounts. It is advisable for the company to closely monitor and improve its payables turnover ratio to ensure efficient management of its accounts payable and optimize its working capital management practices.