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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 

Southwest Airlines Co Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Southwest Airlines Co 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 20.45, above the company average. This is a clear sign of healthy business climate in the Airline industry and improving liquidity at their respective customers, during the forth quarter 2023. Average collection period, for Southwest Airlines Co 's accounts receivable remained unchanged at 18 days, in the Dec 31 2023 quarter.

If we take a look into Transportation sector 22 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Dec 31 2023 from 293 to 887.

What is Receivable Turnover Ratio?
What is Southwest Airlines Co Selling?


What is Receivable Turnover Ratio?




LUV Receivables 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 Receivable Change 10.96 % 11.47 % -11.23 % -26.12 % -23.36 %
Y / Y Revenue Change 10.55 % 4.9 % 4.59 % 21.56 % 22.19 %
Receivable Turnover Ratio (TTM) 20.45 20.39 20.78 19.88 17.52
LUV's Total Ranking # 887 # 293 # 605 # 1556 # 587
Average receivable collection period 18 18 18 18 21
Seq. Receivable Change -21.34 % 18.98 % -1.36 % 20.19 % -20.97 %
Seq. Revenue Change 4.57 % -7.28 % 23.33 % -7.55 % -0.77 %


Receivable Turnover Company Ranking
Within: No.
Airline Industry # 4
Transportation Sector # 23
Overall Market # 887

Receivable Turnover Ratio Statistics
High Average Low
0.94 0.73 0.19
(June 30. 2016)   (Mar 31 2021)






Financial Statements
Southwest Airlines Co 's Accounts Receivable $ 1,154 Millions Visit LUV's Balance sheet
Southwest Airlines Co 's Sales TTM $ 26,091 Millions Visit LUV's Income Statement
Where are LUV's Sales coming from? Visit LUV's Sales by Geography

Other Accounts Receivable Turnover Ratios
Airline Industry Accounts Receivable Turnover Trends and Statistics
Transportation Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
LUV's Receivable Turnover Ratio versus Airline Industry, Transportation Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for LUV's Competitors
Receivables Turnover Ratio for LUV's Suppliers
Accounts Receivables Turnover Ratio for LUV's Customers

You may also want to know
LUV's Growth Rates LUV's Roa LUV's Inventory Turnover Ratio LUV's Dividend Comparisons
LUV's Profitability Ratios LUV's Roi LUV's Asset Turnover Ratio LUV's Dividend Growth
LUV's Valuation Ratios LUV's Roe LUV's Financial Strength Ratios LUV's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Receivable at quarter ending Dec 31 2023
Frontier Group Holdings Inc   36.90 $ 3,589.000  Millions$ 97.250  Millions
Jetblue Airways Corp  29.47 $ 9,615.000  Millions$ 326.250  Millions
Sun Country Airlines Holdings Inc   29.27 $ 1,049.620  Millions$ 35.861  Millions
Skywest Inc  28.82 $ 2,935.432  Millions$ 101.860  Millions
Overseas Shipholding Group Inc   27.42 $ 451.871  Millions$ 16.479  Millions
Hawaiian Holdings inc  26.81 $ 2,716.284  Millions$ 101.324  Millions
Polaris Inc   26.76 $ 8,822.100  Millions$ 329.675  Millions
Spirit Airlines Inc   26.09 $ 5,362.549  Millions$ 205.577  Millions
American Airlines Group Inc   26.04 $ 52,788.000  Millions$ 2,027.250  Millions
Genco Shipping and Trading Limited  20.83 $ 383.825  Millions$ 18.431  Millions
Southwest Airlines Co   20.45 $ 26,091.000  Millions$ 1,276.000  Millions
Latam Airlines Group S a   19.63 $ 11,640.541  Millions$ 592.880  Millions
Delta Air Lines Inc   18.30 $ 58,048.000  Millions$ 3,172.500  Millions
Sfl Corporation Ltd   16.82 $ 752.286  Millions$ 44.722  Millions
Wheels Up Experience Inc   16.66 $ 1,253.317  Millions$ 75.218  Millions
Eagle Bulk Shipping Inc   13.86 $ 393.799  Millions$ 28.407  Millions
Star Bulk Carriers Corp   13.83 $ 949.269  Millions$ 68.662  Millions
Teekay Corporation  12.44 $ 1,464.975  Millions$ 117.794  Millions
Union Pacific Corp  12.39 $ 24,119.000  Millions$ 1,947.000  Millions
Singularity Future Technology Ltd   12.04 $ 3.684  Millions$ 0.306  Millions
J b Hunt Transport Services Inc   11.68 $ 12,829.665  Millions$ 1,098.521  Millions
Pangaea Logistics Solutions Ltd   11.18 $ 496.342  Millions$ 44.413  Millions
Blade Air Mobility Inc   11.12 $ 225.180  Millions$ 20.258  Millions
Air T Inc   10.96 $ 288.530  Millions$ 26.337  Millions
Csx Corporation  10.67 $ 14,657.000  Millions$ 1,374.000  Millions
Norfolk Southern Corporation  10.53 $ 12,156.000  Millions$ 1,154.000  Millions
Unique Logistics International Inc   10.48 $ 450.329  Millions$ 42.958  Millions
Heartland Express Inc   9.84 $ 1,207.458  Millions$ 122.702  Millions
Toro Corp   9.74 $ 78.469  Millions$ 8.056  Millions
Arcbest Corporation  9.39 $ 4,427.443  Millions$ 471.344  Millions

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



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