American Airlines Group (AAL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	54,154,000	50,346,000	46,971,000	28,078,000	16,086,000
Property, plant and equipment	US$ in thousands	30,447,000	30,275,000	29,615,000	28,989,000	31,217,000
Fixed asset turnover		1.78	1.66	1.59	0.97	0.52

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $54,154,000K ÷ $30,447,000K
= 1.78

The fixed asset turnover ratio for American Airlines Group has demonstrated a steady improvement from 0.52 in December 31, 2020, to 1.78 by December 31, 2024. This indicates that the company has become more efficient in generating revenue relative to its investment in fixed assets over the years. The upward trend in the ratio suggests that American Airlines Group has been utilizing its fixed assets more effectively to drive sales, reflecting potential operational improvements and enhanced asset utilization efficiency within the organization. This increased efficiency in generating revenue from fixed assets could signify better management of resources and possibly improved productivity within the company.