Alaska Air Group Inc (ALK)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 | 8,781,000 |
| Total assets | US$ in thousands | 14,613,000 | 14,186,000 | 13,951,000 | 14,046,000 | 12,993,000 |
| Total asset turnover | 0.71 | 0.68 | 0.44 | 0.25 | 0.68 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,426,000K ÷ $14,613,000K
= 0.71
Alaska Air Group Inc.'s total asset turnover has fluctuated over the past five years, with a significant increase in 2021 followed by a decline in 2022, and then a further increase in 2023. The ratio indicates the company's ability to generate revenue relative to its total assets. A higher total asset turnover generally suggests that the company is efficiently utilizing its assets to generate sales. In this case, the trend shows some variability in asset utilization efficiency, with 2021 being a standout year in terms of improved asset turnover. However, the ratio dipped in 2022 before rebounding in 2023, indicating some instability in asset management efficiency over the years. Further analysis and comparison with industry benchmarks may provide more insights into the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2023