Allegiant Travel Company (ALGT)

Total asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,509,858	2,510,405	2,505,371	2,451,408	2,301,830	2,187,165	2,086,309	1,928,895	1,707,910	1,457,587	1,199,102	860,016	990,073	1,204,585	1,440,110	1,798,522	1,840,963	1,792,004	1,748,604	1,693,625
Total assets	US$ in thousands	4,869,410	4,912,340	4,829,550	4,680,420	4,511,300	4,410,960	4,410,960	4,437,870	3,991,070	3,766,750	3,874,710	3,345,200	3,258,920	3,223,090	3,272,970	3,191,910	3,010,800	2,834,480	2,982,200	2,750,480
Total asset turnover		0.52	0.51	0.52	0.52	0.51	0.50	0.47	0.43	0.43	0.39	0.31	0.26	0.30	0.37	0.44	0.56	0.61	0.63	0.59	0.62

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,509,858K ÷ $4,869,410K
= 0.52

Allegiant Travel's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.46 to 0.52. This ratio indicates that, on average, the company generates $0.52 in revenue for every $1 of total assets during the most recent quarter. A higher total asset turnover ratio generally indicates better efficiency in utilizing assets to generate revenue. In Allegiant Travel's case, the consistency in the ratio suggests that the company has been effectively managing its assets to generate revenue over the period analyzed. Further analysis and comparison with industry peers may provide additional insights into the company's asset utilization efficiency and operational performance.