Alaska Air Group Inc (ALK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,735,000 | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 |
| Total assets | US$ in thousands | 19,768,000 | 15,834,000 | 14,281,000 | 13,951,000 | 14,046,000 |
| Total asset turnover | 0.59 | 0.66 | 0.68 | 0.44 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,735,000K ÷ $19,768,000K
= 0.59
Alaska Air Group Inc's total asset turnover has shown an increasing trend over the past five years, starting at 0.25 in December 2020 and reaching 0.59 by December 2024. This indicates that the company is generating more revenue relative to its total assets. However, there was a slight decline in 2024 compared to the previous year. Overall, the upward trend in total asset turnover suggests that the company is becoming more efficient in utilizing its assets to generate revenue, which could be a positive indicator of operational performance and management efficiency.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Alaska Air Group Inc
ALK
0.59
Allegiant Travel Company
ALGT
0.57
American Airlines Group
AAL
0.88
Delta Air Lines Inc
DAL
0.82
JetBlue Airways Corp
JBLU
0.55
SkyWest Inc
SKYW
0.51
Southwest Airlines Company
LUV
0.81
Sun Country Airlines Holdings Inc
SNCY
0.67
United Airlines Holdings Inc
UAL
0.77