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Southwest Airlines Co   (LUV)
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    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 

Southwest Airlines Co Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the forth quarter 2023, Southwest Airlines Co 's inventory turnover ratio sequentially decreased to 2.34 in the fourth quarter 2023, unsurprisingly, as the Southwest Airlines Co markets continue to deteriorate, and LUV's faces growing challenges to bring down its inventories. Southwest Airlines Co 's average inventory processing period in the Dec 31 2023 quarter, has increased to 156 days, from 77 days, in the Sep 30 2023 quarter.

Within Transportation sector 19 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 143 in the third quarter 2023, to 229.

LUV Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Southwest Airlines Co Market Share?

What is Inventory Turnover Ratio?


LUV Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 2.15 % 2.96 % -4.93 % 18.14 % 47.11 %
Y / Y Cost of Sales Growth -79.43 % 15.7 % -77.32 % -69.78 % 60.13 %
Inventory Turnover Ratio (TTM) 2.34 4.72 4.67 6.67 8.2
LUV's Total Ranking # 229 # 143 # 150 # 462 # 343
Average inventory processing period 156 77 78 55 44
Seq. Inventory Growth 1 % 11.9 % -2.99 % -6.84 % 1.8 %
Seq. Cost of Sales Growth 1.75 % -0.44 % 12.5 % -81.95 % 472.41 %



Inventory Turnover Ratio Company Ranking
Within: No.
Airline Industry # 7
Transportation Sector # 20
Overall Market # 229

Inventory Turnover Ratio Statistics
High Average Low
16.81 12.44 2.34
(Sep. 30, 2015)   (Dec 31 2023)




Financial Statements
Southwest Airlines Co 's Inventories $ 807 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Cost of Revenues TTM $ 1,789 Millions Visit LUV's Income Statement
What are LUV's Sales? Visit LUV's Sales by Segment

Other Inventory Turnover Ratios
Southwest Airlines Co 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Airline Industry Inventory Turnover Trends and Statistics
Transportation Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
LUV's Inventory Turnover Ratio versus Airline Industry, Transportation Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for LUV's Competitors
Inventory Turnover Ratio for LUV's Suppliers
Inventory Turnover Ratio for LUV's Customers

You may also want to know
LUV's Sales Growth Rates LUV's Pe Price to earnings ratio LUV's Receivables Turnover Ratio LUV's Stock Quote
LUV's Net Income Growth Rates LUV's Ps Price to Sales ratio LUV's Sales per Employee LUV's Asset Turnover Ratio
LUV's Net Margin LUV's Pb Price to Book ratio LUV's Financial Strength Ratios LUV's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Star Bulk Carriers Corp   4.07 $ 253.843  Millions$ 62  Millions
The Greenbrier Companies Inc   3.98 $ 3,492.000  Millions$ 876  Millions
Trinity Industries Inc  3.82 $ 2,456.200  Millions$ 643  Millions
Genco Shipping and Trading Limited  3.80 $ 97.093  Millions$ 26  Millions
Polaris Inc   3.59 $ 6,891.800  Millions$ 1,920  Millions
Safe Bulkers Inc   3.25 $ 54.129  Millions$ 17  Millions
Westinghouse Air Brake Technologies Corporation  2.97 $ 6,733.000  Millions$ 2,269  Millions
Southwest Airlines Co   2.34 $ 1,789.000  Millions$ 764  Millions
Air T Inc   2.11 $ 128.537  Millions$ 61  Millions
Schneider National Inc   1.22 $ 114.300  Millions$ 94  Millions

Date modified: 2024-02-07T10:02:19+00:00



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