United Airlines Holdings Inc (UAL)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	57,063,000	55,994,000	55,635,000	54,827,000	53,717,000	52,491,000	50,884,000	48,818,000	44,955,000	40,747,000	35,620,000	28,979,000	24,634,000	19,854,000	14,593,000	10,597,000	15,355,000	22,831,000	31,722,000	41,649,000
Total current assets	US$ in thousands	18,883,000	18,571,000	20,003,000	18,696,000	18,487,000	21,912,000	23,306,000	21,586,000	20,058,000	22,689,000	24,371,000	22,612,000	21,834,000	23,057,000	24,673,000	16,019,000	14,800,000	16,476,000	10,041,000	7,905,000
Total current liabilities	US$ in thousands	23,314,000	23,365,000	25,855,000	24,764,000	22,203,000	24,756,000	25,575,000	23,635,000	19,992,000	21,989,000	23,444,000	21,788,000	18,304,000	16,935,000	18,064,000	14,167,000	12,725,000	15,791,000	16,395,000	16,087,000
Working capital turnover		—	—	—	—	—	—	—	—	681.14	58.21	38.43	35.17	6.98	3.24	2.21	5.72	7.40	33.33	—	—

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (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 fluctuations over the specified time period.

From September 30, 2020, to June 30, 2021, the working capital turnover ratio declined significantly from 33.33 to 2.21, indicating a decrease in the efficiency with which the company was utilizing its working capital to generate revenue.

However, from September 30, 2021, to June 30, 2022, there was a notable increase in the working capital turnover ratio, reaching 38.43, suggesting an improvement in the company's ability to generate revenue from its working capital.

The ratio experienced a remarkable surge in efficiency at the end of 2022, with a substantial increase to 681.14 by December 31, 2022. This could signify a significant enhancement in the company's working capital management and revenue generation capabilities.

Despite the significant improvement seen at the end of 2022, there is insufficient data available beyond that point to provide a complete analysis of the trend in the working capital turnover ratio for United Airlines Holdings Inc.