Allegiant Travel Company (ALGT)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,509,860	2,301,830	1,707,910	990,073	1,840,960
Property, plant and equipment	US$ in thousands	3,447,110	2,810,690	2,259,510	2,050,310	2,236,810
Fixed asset turnover		0.73	0.82	0.76	0.48	0.82

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,509,860K ÷ $3,447,110K
= 0.73

Allegiant Travel's fixed asset turnover has experienced fluctuations over the past five years. The metric stood at 0.73 in 2023, slightly lower than the previous year's figure of 0.82. This could indicate a decrease in the efficiency of generating revenue from fixed assets during the year. Comparing to 2021, where the fixed asset turnover was 0.76, there has been a slight decline in asset utilization efficiency.

In 2020, the fixed asset turnover was notably lower at 0.48, suggesting a potential inefficiency in utilizing fixed assets to generate revenue during that period. However, the company improved significantly in 2019, achieving a fixed asset turnover of 0.82, aligning with the efficiency level seen in 2022.

Overall, Allegiant Travel's fixed asset turnover has varied in recent years, indicating fluctuations in the effectiveness of utilizing fixed assets to generate revenue. Further analysis and comparison with industry benchmarks would provide additional insights into the company's asset management efficiency.