Air Lease Corporation (AL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,684,980 | 2,317,300 | 2,088,390 | 2,015,440 | 2,016,900 |
| Property, plant and equipment | US$ in thousands | — | 25,883,400 | 24,407,900 | 1,800,120 | 1,564,190 |
| Fixed asset turnover | — | 0.09 | 0.09 | 1.12 | 1.29 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,684,980K ÷ $—K
= —
The fixed asset turnover ratio for Air Lease Corporation has shown a significant decrease over the years from 2019 to 2022, with a noticeable drop from 1.29 in 2019 to 0.09 in both 2021 and 2022. This decline indicates that the company's ability to generate revenue from its fixed assets has weakened during this period.
The absence of data for the fixed asset turnover ratio in 2023 limits a comprehensive analysis for the most recent year. However, the sharp decrease observed in 2021 and 2022 raises concerns about the company's efficiency in utilizing its fixed assets to generate sales.
Further investigation into the reasons behind this decline in the fixed asset turnover ratio is necessary to understand the underlying factors affecting Air Lease Corporation's asset utilization efficiency. It may be beneficial for stakeholders to assess the company's capital expenditure decisions, asset management strategies, and overall operational performance to address and improve the efficiency of fixed asset utilization in the future.
Peer comparison
Dec 31, 2023