JetBlue Airways (LTS:0JOT) Inventory Turnover : 17.55 (As of Mar. 2024)

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What is JetBlue Airways Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. JetBlue Airways's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,930 Mil. JetBlue Airways's Average Total Inventories for the quarter that ended in Mar. 2024 was $110 Mil. JetBlue Airways's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JetBlue Airways's Days Inventory for the three months ended in Mar. 2024 was 5.20.

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. JetBlue Airways's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

JetBlue Airways Inventory Turnover Historical Data

The historical data trend for JetBlue Airways's Inventory Turnover 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.

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JetBlue Airways Inventory Turnover Chart

JetBlue Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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74.01

53.71

78.44

95.48

79.93

JetBlue Airways Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															25.09	22.95	21.51	18.58	17.55

JetBlue Airways Inventory Turnover Calculation

JetBlue Airways's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	7833	/ (	(87	+	109)	/	2 )
=	7833	/	98
=	79.93

JetBlue Airways's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1930	/ (	(109	+	111)	/	2 )
=	1930	/	110
=	17.55

JetBlue Airways (LTS:0JOT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

JetBlue Airways's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	110	/	1930	*	365 / 4
	=	5.20

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.

JetBlue Airways's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	110	/	2209
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

JetBlue Airways Inventory Turnover Related Terms

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JetBlue Airways (LTS:0JOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » JetBlue Airways Corp (LTS:0JOT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

JBLU:USA JBLU:Mexico 1JAM:Italy JAW:Germany

Address

27-01 Queens Plaza North, Long Island City, NY, USA, 11101

Website

https://www.jetblue.com

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.

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