United Airlines Holdings Inc (UAL)

Working capital 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
Revenue (ttm)	US$ in thousands	51,951,000	50,709,000	49,119,000	47,117,000	43,302,000	39,125,000	33,995,000	27,348,000	23,067,000	18,683,000	13,524,000	9,753,000	14,000,000	21,476,000	30,513,000	40,437,000	42,706,000	42,309,000	41,928,000	41,485,000
Total current assets	US$ in thousands	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	8,194,000	8,533,000	8,910,000	7,608,000
Total current liabilities	US$ in thousands	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	14,938,000	15,691,000	16,078,000	15,335,000
Working capital turnover		—	—	—	—	656.09	55.89	36.67	33.19	6.53	3.05	2.05	5.27	6.75	31.35	—	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $51,951,000K ÷ ($18,487,000K – $22,203,000K)
= —

The working capital turnover ratio for United Airlines Holdings Inc was not provided for the first four quarters of 2023.

However, looking at the historical trend, the working capital turnover ratio has shown significant improvements from the second quarter of 2022 to the fourth quarter of 2022. This indicates that the company has been more efficient in utilizing its working capital to generate revenue during this period.

Furthermore, the working capital turnover ratio in the fourth quarter of 2022 was notably higher compared to the earlier quarters of the same year, suggesting a potential increase in operational efficiency or a more effective management of working capital during that period.

Overall, the trend in the working capital turnover ratio for United Airlines Holdings Inc highlights fluctuations in the company's efficiency in utilizing its working capital to drive revenue generation, with the potential for further analysis and monitoring to understand the underlying factors contributing to these fluctuations.