Allegiant Travel Company (ALGT)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	220,983	299,570	286,542	179,243	91,647	35,779	132,979	245,700	263,073	206,094	106,724	-145,379	-287,786	-171,486	-66,289	155,068	363,951	334,387	288,452	254,569
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
Operating ROA		4.54%	6.10%	5.93%	3.83%	2.03%	0.81%	3.01%	5.54%	6.59%	5.47%	2.75%	-4.35%	-8.83%	-5.32%	-2.03%	4.86%	12.09%	11.80%	9.67%	9.26%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $220,983K ÷ $4,869,410K
= 4.54%

Allegiant Travel's operating return on assets (ROA) fluctuated over the past eight quarters. In the latest quarter, Q4 2023, the company achieved an operating ROA of 5.13%, which was a decrease compared to the previous quarter's 6.49%. This decline indicates a potential decrease in the company's ability to generate operating income relative to its total assets.

Looking at the trend over the past year, Allegiant Travel's operating ROA has shown variability, with Q2 and Q3 of 2023 recording relatively strong performance at 6.38% and 6.49%, respectively. However, the ROA values in Q4 2022 and Q1 2023 were notably lower at 2.80% and 4.53%, respectively.

Overall, the varying operating ROA values suggest that Allegiant Travel's efficiency in generating profits from its assets has been inconsistent. Further analysis of the company's operations and financial management practices may be warranted to understand the factors contributing to these fluctuations in operating ROA.