Allegiant Travel Company (ALGT)
Total 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 |
| Total assets | US$ in thousands | 4,429,850 | 4,856,670 | 4,511,300 | 3,991,070 | 3,258,920 |
| Total asset turnover | 0.57 | 0.52 | 0.51 | 0.43 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,512,590K ÷ $4,429,850K
= 0.57
Allegiant Travel Company's total asset turnover has been showing a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in generating revenue from its total assets. The ratio has increased from 0.30 in December 31, 2020, to 0.57 in December 31, 2024. This suggests that Allegiant Travel Company has been utilizing its assets more effectively to generate sales, reflecting positive operational performance and potentially stronger management of assets. The increasing trend in total asset turnover signifies that the company is becoming more efficient in utilizing its assets to generate revenue, which could lead to improved profitability and overall financial performance.
Peer comparison
Dec 31, 2024