American Airlines Group (AAL)

Total 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
Total assets	US$ in thousands	63,058,000	65,711,000	67,260,000	66,786,000	64,716,000	66,652,000	67,963,000	67,401,000	66,467,000	68,437,000	72,464,000	68,649,000	62,008,000	62,773,000	64,544,000	58,580,000	59,995,000	61,175,000	61,967,000	60,787,000
Total asset turnover		0.80	0.77	0.75	0.75	0.73	0.65	0.57	0.49	0.42	0.34	0.24	0.17	0.27	0.38	0.50	0.73	0.75	0.73	0.71	0.72

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $50,347,000K ÷ $63,058,000K
= 0.80

American Airlines Group Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.52 to 0.84. The company's ability to generate revenue from its total assets has shown a gradual improvement since Q1 2022. The increasing trend in total asset turnover indicates that American Airlines is becoming more efficient in utilizing its assets to generate sales. This could be a positive sign of improved operational efficiency or strategic decisions in resource allocation. However, it is important to continue monitoring this metric to ensure sustained improvement in asset utilization efficiency.