Air Lease Corporation (AL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,733,660 | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 |
| Property, plant and equipment | US$ in thousands | — | — | 25,883,400 | 24,407,900 | 1,800,120 |
| Fixed asset turnover | — | — | 0.09 | 0.09 | 1.12 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,733,660K ÷ $—K
= —
The fixed asset turnover ratio for Air Lease Corporation has exhibited a decline over the years. As of December 31, 2020, the ratio stood at 1.12, indicating that the company generated $1.12 in revenue for every dollar invested in fixed assets. However, by December 31, 2021, the ratio dropped significantly to 0.09, and it remained at the same level in the subsequent years of 2022 and 2023. The absence of a value for December 31, 2023, and 2024 suggests that there may be data limitations or changes in the company's reporting.
The declining trend in the fixed asset turnover ratio may raise concerns about the efficiency of Air Lease Corporation in utilizing its fixed assets to generate revenue. A lower ratio could indicate underutilization of assets, inefficiencies in operations, or potential challenges in the company's business model. Further analysis of the company's strategies in managing its fixed assets and exploring reasons behind the declining ratio would be essential to assess the overall performance and sustainability of Air Lease Corporation.
Peer comparison
Dec 31, 2024