Alaska Air Group Inc (ALK)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,735,000 | 10,754,000 | 10,521,000 | 10,462,000 | 10,426,000 | 10,352,000 | 10,341,000 | 10,161,000 | 9,646,000 | 9,066,000 | 8,191,000 | 7,060,000 | 6,176,000 | 5,085,000 | 3,833,000 | 2,727,000 | 3,566,000 | 4,986,000 | 6,674,000 | 8,541,000 |
| Total assets | US$ in thousands | 19,768,000 | 19,559,000 | 15,342,000 | 14,813,000 | 15,834,000 | 15,165,000 | 14,829,000 | 14,296,000 | 14,281,000 | 14,531,000 | 14,800,000 | 14,210,000 | 13,951,000 | 13,882,000 | 14,656,000 | 14,262,000 | 14,046,000 | 14,749,000 | 13,998,000 | 13,363,000 |
| Total asset turnover | 0.59 | 0.55 | 0.69 | 0.71 | 0.66 | 0.68 | 0.70 | 0.71 | 0.68 | 0.62 | 0.55 | 0.50 | 0.44 | 0.37 | 0.26 | 0.19 | 0.25 | 0.34 | 0.48 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,735,000K ÷ $19,768,000K
= 0.59
Alaska Air Group Inc's total asset turnover has shown fluctuations over the past few years, ranging from a low of 0.19 as of March 31, 2021, to a high of 0.71 as of March 31, 2023 and March 31, 2024. Total asset turnover is a measure of how efficiently the company is utilizing its assets to generate revenue.
The trend indicates that there was a decline in total asset turnover from 2020 to 2021, hitting a low point in March 2021. However, from 2021 onwards, the total asset turnover started to improve gradually, reaching a peak in March 2024 at 0.71.
The increase in total asset turnover from 2021 onwards suggests that the company has been able to generate more revenue from its assets, indicating improved efficiency in asset utilization. This improvement may be attributed to better management of assets, increased sales, or a combination of both.
Overall, the trend in Alaska Air Group Inc's total asset turnover indicates a positive trajectory in efficiently utilizing its assets to generate revenue over the period under review.
Peer comparison
Dec 31, 2024