United Airlines Holdings Inc (UAL)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 57,063,000 | 53,717,000 | 44,955,000 | 24,634,000 | 15,355,000 |
| Total current assets | US$ in thousands | 18,883,000 | 18,487,000 | 20,058,000 | 21,834,000 | 14,800,000 |
| Total current liabilities | US$ in thousands | 23,314,000 | 22,203,000 | 19,992,000 | 18,304,000 | 12,725,000 |
| Working capital turnover | — | — | 681.14 | 6.98 | 7.40 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $57,063,000K ÷ ($18,883,000K – $23,314,000K)
= —
The working capital turnover ratio for United Airlines Holdings Inc has shown some fluctuations over the years. In December 31, 2020, the ratio was 7.40, which indicates that the company generated $7.40 in revenue for every dollar of working capital invested. This ratio decreased slightly to 6.98 by December 31, 2021, suggesting a slight decline in efficiency in utilizing working capital.
However, there was a significant anomaly in December 31, 2022, where the working capital turnover ratio unexpectedly surged to 681.14. This extremely high ratio could be attributed to unusual circumstances or data errors and should be further investigated for accuracy.
Unfortunately, data is currently unavailable for December 31, 2023, and December 31, 2024. It is important to note that a high working capital turnover ratio can indicate efficient management of working capital, while a low ratio may suggest inefficiency. Overall, further analysis and comparison to industry benchmarks would provide a more comprehensive understanding of United Airlines Holdings Inc's working capital efficiency.
Peer comparison
Dec 31, 2024