JetBlue Inventory Turnover from 2010 to 2024
| JBLU Stock | USD 5.66 0.10 1.80% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 71.86238532 | Current Value 56.4 | Quarterly Volatility 16.69302605 |
Check JetBlue Airways financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among JetBlue Airways' main balance sheet or income statement drivers, such as Depreciation And Amortization of 652 M, Interest Expense of 135.3 M or Selling General Administrative of 300.2 M, as well as many indicators such as Price To Sales Ratio of 0.18, Dividend Yield of 0.0 or PTB Ratio of 0.9. JetBlue financial statements analysis is a perfect complement when working with JetBlue Airways Valuation or Volatility modules.
JetBlue | Inventory Turnover |
Latest JetBlue Airways' Inventory Turnover Growth Pattern
Below is the plot of the Inventory Turnover of JetBlue Airways Corp over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. JetBlue Airways' Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in JetBlue Airways' overall financial position and show how it may be relating to other accounts over time.
| Inventory Turnover | 10 Years Trend |
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Inventory Turnover |
| Timeline |
JetBlue Inventory Turnover Regression Statistics
| Arithmetic Mean | 78.74 | |
| Geometric Mean | 76.92 | |
| Coefficient Of Variation | 21.20 | |
| Mean Deviation | 13.19 | |
| Median | 78.82 | |
| Standard Deviation | 16.69 | |
| Sample Variance | 278.66 | |
| Range | 61.6078 | |
| R-Value | (0.30) | |
| Mean Square Error | 273.72 | |
| R-Squared | 0.09 | |
| Significance | 0.28 | |
| Slope | (1.11) | |
| Total Sum of Squares | 3,901 |
JetBlue Inventory Turnover History
About JetBlue Airways Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include JetBlue Airways income statement, its balance sheet, and the statement of cash flows. JetBlue Airways investors use historical funamental indicators, such as JetBlue Airways's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although JetBlue Airways investors may use each financial statement separately, they are all related. The changes in JetBlue Airways's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on JetBlue Airways's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on JetBlue Airways Financial Statements. Understanding these patterns can help to make the right decision on long term investment in JetBlue Airways. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Inventory Turnover | 71.86 | 56.40 |
Pair Trading with JetBlue Airways
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if JetBlue Airways position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in JetBlue Airways will appreciate offsetting losses from the drop in the long position's value.Moving together with JetBlue Stock
Moving against JetBlue Stock
| 0.79 | SKYW | SkyWest | PairCorr |
| 0.73 | DAL | Delta Air Lines Earnings Call Tomorrow | PairCorr |
| 0.7 | MESA | Mesa Air Group Buyout Trend | PairCorr |
| 0.67 | UAL | United Airlines Holdings Financial Report 17th of July 2024 | PairCorr |
| 0.64 | R | Ryder System Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to JetBlue Airways could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JetBlue Airways when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back JetBlue Airways - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling JetBlue Airways Corp to buy it.
The correlation of JetBlue Airways is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JetBlue Airways moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JetBlue Airways Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for JetBlue Airways can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for JetBlue Stock Analysis
When running JetBlue Airways' price analysis, check to measure JetBlue Airways' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JetBlue Airways is operating at the current time. Most of JetBlue Airways' value examination focuses on studying past and present price action to predict the probability of JetBlue Airways' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JetBlue Airways' price. Additionally, you may evaluate how the addition of JetBlue Airways to your portfolios can decrease your overall portfolio volatility.