Air Lease Corporation (AL)
Total 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 |
| Total assets | US$ in thousands | 32,277,900 | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 |
| Total asset turnover | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,733,660K ÷ $32,277,900K
= 0.08
The total asset turnover ratio for Air Lease Corporation has remained fairly consistent over the past five years, with a level of 0.08 in 2020, 2021, and 2022. There was a slight improvement to 0.09 in 2023 before reverting back to 0.08 in 2024. This ratio measures the company's efficiency in generating sales revenue relative to its total assets. A stable total asset turnover ratio suggests that the company has been effectively utilizing its assets to generate revenues. However, the slight increase in 2023 indicates a potential improvement in asset utilization efficiency during that period. Overall, Air Lease Corporation's total asset turnover ratio demonstrates a consistent performance in effectively converting its assets into revenue over the analyzed period.
Peer comparison
Dec 31, 2024