Allegiant Travel Company (ALGT)
Total 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 |
| Total assets | US$ in thousands | 4,869,410 | 4,511,300 | 3,991,070 | 3,258,920 | 3,010,800 |
| Total asset turnover | 0.52 | 0.51 | 0.43 | 0.30 | 0.61 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,509,860K ÷ $4,869,410K
= 0.52
The total asset turnover ratio of Allegiant Travel has shown varying trends over the past five years. In 2023, the total asset turnover was 0.52, indicating that Allegiant generated $0.52 in revenue for each dollar of assets. This represented a slight increase from the previous year, where the ratio was 0.51.
Looking further back, in 2021, the total asset turnover was 0.43, showing an improvement from 2020 when the ratio was 0.30. The significant increase in 2021 reflected better efficiency in utilizing assets to generate revenue.
However, in 2019, Allegiant had a total asset turnover of 0.61, indicating that the company was more effective in generating revenue from its assets compared to the most recent years. Overall, while there have been fluctuations, Allegiant Travel has generally maintained a reasonable level of total asset turnover, with some years demonstrating more efficient asset utilization than others.
Peer comparison
Dec 31, 2023