Allegiant Travel Company (ALGT)

Return on assets (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
Net income (ttm)	US$ in thousands	117,596	172,027	150,634	66,523	2,493	-39,279	46,434	137,103	151,853	112,312	43,915	-144,215	-184,093	-94,734	-21,662	141,984	232,117	213,042	184,260	163,733
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
ROA		2.41%	3.50%	3.12%	1.42%	0.06%	-0.89%	1.05%	3.09%	3.80%	2.98%	1.13%	-4.31%	-5.65%	-2.94%	-0.66%	4.45%	7.71%	7.52%	6.18%	5.95%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $117,596K ÷ $4,869,410K
= 2.41%

Allegiant Travel's return on assets (ROA) has exhibited fluctuations over the past eight quarters. ROA improved significantly from Q4 2022 to Q1 2023, showing a strong performance in the first quarter of 2023 at 3.02%. However, the ROA decreased in Q2 and Q3 2023 to 1.39% and 3.39%, respectively.

The ROA in Q4 2023 declined further to 2.33%, signaling a slight decrease in the firm's ability to generate profit from its assets compared to the previous quarter. It is essential for Allegiant Travel to monitor and manage its asset utilization efficiently to maintain or improve its ROA in the upcoming quarters.