American Airlines Group (AAL)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	50,347,000	50,719,000	50,737,000	50,184,000	46,971,000	43,308,000	38,838,000	32,876,000	28,077,000	23,149,000	17,489,000	11,865,000	16,486,000	23,772,000	32,566,000	42,883,000	44,938,000	44,563,000	44,230,000	43,922,000
Property, plant and equipment	US$ in thousands	30,275,000	30,318,000	30,271,000	30,144,000	29,615,000	29,987,000	29,994,000	29,858,000	28,989,000	29,797,000	30,205,000	30,897,000	31,217,000	32,256,000	33,351,000	34,206,000	34,995,000	34,619,000	34,702,000	34,410,000
Fixed asset turnover		1.66	1.67	1.68	1.66	1.59	1.44	1.29	1.10	0.97	0.78	0.58	0.38	0.53	0.74	0.98	1.25	1.28	1.29	1.27	1.28

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $50,347,000K ÷ $30,275,000K
= 1.66

American Airlines Group Inc's fixed asset turnover ratio has demonstrated a gradual positive trend over the past eight quarters, starting at 1.16 in Q1 2022 and reaching its peak at 1.75 in Q3 and Q2 of 2023. This indicates that the company generated $1.75 in revenue for every dollar invested in fixed assets during those quarters. The consistent increase in fixed asset turnover suggests improved efficiency in utilizing its fixed assets to generate revenue. This trend is generally favorable as it indicates that American Airlines Group Inc has been more effective in generating revenue from its investment in property, plant, and equipment over time. However, it is essential to consider other factors and ratios to get a comprehensive understanding of the company's overall financial performance and asset utilization.