Allegiant Travel Company (ALGT)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,512,590	2,495,887	2,499,050	2,516,577	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
Total assets	US$ in thousands	4,429,850	4,788,250	4,903,610	4,935,130	4,856,670	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
Total asset turnover		0.57	0.52	0.51	0.51	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,512,590K ÷ $4,429,850K
= 0.57

Allegiant Travel Company's total asset turnover ratio has shown a decreasing trend from March 31, 2020, to September 30, 2021, dropping from 0.56 to 0.39. This indicates that the company's ability to generate sales revenue from its total assets was declining during this period. However, from December 31, 2021, onwards, the total asset turnover ratio has been gradually increasing, reaching 0.57 by December 31, 2024. This uptrend suggests that Allegiant Travel Company has improved its efficiency in utilizing its total assets to generate sales revenue over the past few years. Overall, the company has exhibited fluctuations in its total asset turnover ratio, but the recent upward trend indicates a positive development in asset management efficiency.