The historical rank and industry rank for Alaska Air Group's Days Inventory or its related term are showing as below:
ALK'
s Days Inventory Range Over the Past 10 Years
Min: 3.24 Med: 4.55 Max: 5.92
Current: 4.72
During the past 13 years, Alaska Air Group's highest Days Inventory was 5.92. The lowest was 3.24. And the median was 4.55.
ALK's Days Inventory is ranked better than 70.9% of 780
companies
in the Transportation industry
Industry Median: 11.505
vs ALK: 4.72
Alaska Air Group's Days Inventory
increased
from Mar. 2023 (4.60) to Mar. 2024 (4.82).
It might indicate that Alaska Air Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Alaska Air Group's Inventory Turnover for the
three
months ended in Mar. 2024 was 18.93.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Alaska Air Group's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.05.
Alaska Air Group Days Inventory Historical Data
The historical data trend for Alaska Air Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Alaska Air Group's Days Inventory
For the Airlines subindustry, Alaska Air Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alaska Air Group's Days Inventory Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Days Inventory falls into.
Alaska Air Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Alaska Air Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alaska Air Group (NYSE:ALK) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Alaska Air Group's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Alaska Air Group's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Alaska Air Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Alaska Air Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Alaska Air Group (Alaska Air Group) Business Description
Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
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