Air Lease Corporation (AL)
Total 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 |
| Total assets | US$ in thousands | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 | 21,709,200 |
| Total asset turnover | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,684,980K ÷ $30,452,300K
= 0.09
The total asset turnover ratio for Air Lease Corporation has remained relatively stable over the past five years, ranging from 0.08 to 0.09. This ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher total asset turnover ratio suggests that the company is utilizing its assets more effectively to generate revenue.
In the case of Air Lease Corporation, the total asset turnover ratio hovering around 0.08-0.09 suggests that the company is generating approximately $0.08-$0.09 in sales for every dollar of total assets it holds. This indicates that the company's asset utilization efficiency has been consistent over the years.
While the total asset turnover ratio provides insight into the company's efficiency in generating sales from its assets, it should be interpreted in conjunction with other financial metrics to get a comprehensive view of the company's overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2023