Allegiant Travel Company (ALGT)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-240,239	-25,965	-14,242	60,528	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
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
ROA		-5.42%	-0.54%	-0.29%	1.23%	2.42%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-240,239K ÷ $4,429,850K
= -5.42%

Allegiant Travel Company's return on assets (ROA) has fluctuated over the analyzed period. The ROA was positive, with a peak of 4.45% on March 31, 2020, before turning negative in subsequent quarters. The ROA hit its lowest point at -5.65% on December 31, 2020.

However, starting from June 30, 2021, the ROA started to improve, turning positive again and reaching a high of 3.80% on December 31, 2021. The company maintained a positive ROA through the following quarters, although there were some fluctuations.

Overall, Allegiant Travel Company's ROA trended positively from mid-2021 onwards, indicating an improvement in the company's profitability in generating earnings from its assets. The steady increase in ROA suggests that the company has been effectively utilizing its assets to generate profits, which is a positive sign for its financial performance.