United Airlines Holdings Inc (UAL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 51,951,000 | 43,302,000 | 23,067,000 | 13,673,000 | 42,560,000 |
| Total current assets | US$ in thousands | 18,487,000 | 20,058,000 | 21,834,000 | 14,800,000 | 8,194,000 |
| Total current liabilities | US$ in thousands | 22,203,000 | 19,992,000 | 18,304,000 | 12,725,000 | 14,938,000 |
| Working capital turnover | — | 656.09 | 6.53 | 6.59 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $51,951,000K ÷ ($18,487,000K – $22,203,000K)
= —
The working capital turnover for United Airlines Holdings Inc has shown a significant increase from 6.98 in 2021 to 681.14 in 2022, indicating a more efficient utilization of working capital during the year. However, there is missing data for 2019 and 2023, which limits the ability to analyze the trend more comprehensively. The improvement in 2022 suggests that United Airlines was able to generate more revenue relative to their working capital, potentially due to better management of inventory, receivables, and payables. Further information would be required to understand the specific factors driving this change, and additional data points would be needed to assess the overall trend in working capital turnover for the company.
Peer comparison
Dec 31, 2023