Alaska Air Group Inc (ALK)
Fixed 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 | 10,426,000 | 10,359,000 | 10,347,000 | 10,165,000 | 9,646,000 | 9,082,000 | 8,208,000 | 7,100,000 | 6,241,000 | 5,058,000 | 3,833,000 | 2,727,000 | 3,566,000 | 4,986,000 | 6,674,000 | 8,541,000 | 8,781,000 | 8,617,000 | 8,440,000 | 8,308,000 |
| Property, plant and equipment | US$ in thousands | 8,388,000 | 8,026,000 | 7,963,000 | 7,252,000 | 7,257,000 | 6,654,000 | 6,471,000 | 6,242,000 | 6,138,000 | 6,120,000 | 6,128,000 | 6,144,000 | 6,211,000 | 6,381,000 | 6,795,000 | 6,854,000 | 6,902,000 | 6,834,000 | 6,744,000 | 6,629,000 |
| Fixed asset turnover | 1.24 | 1.29 | 1.30 | 1.40 | 1.33 | 1.36 | 1.27 | 1.14 | 1.02 | 0.83 | 0.63 | 0.44 | 0.57 | 0.78 | 0.98 | 1.25 | 1.27 | 1.26 | 1.25 | 1.25 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,426,000K ÷ $8,388,000K
= 1.24
Alaska Air Group Inc.'s fixed asset turnover ratio has fluctuated over the past eight quarters, ranging from a low of 1.13 in Q1 2022 to a high of 1.40 in Q1 2023. The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate revenue.
A fixed asset turnover ratio of 1.24 in Q4 2023 indicates that for every dollar invested in fixed assets, the company generates $1.24 in sales. While there has been a slight decrease in the ratio from the previous quarter, the company still appears to be effectively utilizing its fixed assets to generate revenue.
Overall, the trend in Alaska Air Group Inc.'s fixed asset turnover ratio shows some variability but generally indicates that the company is effectively utilizing its fixed assets to generate revenue across the quarters analyzed. It is essential for investors and analysts to monitor this ratio over time to assess the company's operational efficiency and identify any potential improvements in asset utilization strategies.
Peer comparison
Dec 31, 2023