Allegiant Travel Company (ALGT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,512,590 | 2,509,860 | 2,301,830 | 1,707,910 | 990,073 |
| Property, plant and equipment | US$ in thousands | 3,069,950 | 3,430,100 | 2,810,690 | 2,259,510 | 2,050,310 |
| Fixed asset turnover | 0.82 | 0.73 | 0.82 | 0.76 | 0.48 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,512,590K ÷ $3,069,950K
= 0.82
The fixed asset turnover ratio for Allegiant Travel Company has shown a positive trend over the past five years, increasing from 0.48 in December 31, 2020, to 0.82 in December 31, 2022. This indicates that the company has been able to generate more sales revenue relative to its investment in fixed assets during this period. However, there was a slight decrease in the ratio in December 31, 2023, to 0.73, before returning to 0.82 in December 31, 2024. Overall, the company's efficiency in utilizing its fixed assets to generate sales has improved, with peaks in 2022 and 2024, showcasing a positive impact on the company's operational performance.
Peer comparison
Dec 31, 2024