Alaska Air Group Inc (ALK)
Total 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 |
| Total assets | US$ in thousands | 14,613,000 | 15,165,000 | 14,829,000 | 14,296,000 | 14,186,000 | 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 | 12,993,000 | 12,983,000 | 12,951,000 | 12,640,000 |
| Total asset turnover | 0.71 | 0.68 | 0.70 | 0.71 | 0.68 | 0.63 | 0.55 | 0.50 | 0.45 | 0.36 | 0.26 | 0.19 | 0.25 | 0.34 | 0.48 | 0.64 | 0.68 | 0.66 | 0.65 | 0.66 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,426,000K ÷ $14,613,000K
= 0.71
Alaska Air Group Inc.'s total asset turnover has shown a fluctuating trend over the past eight quarters, ranging from a low of 0.50 in Q1 2022 to a high of 0.71 in Q4 2023 and Q1 2023. This ratio indicates the company's ability to generate revenue relative to its total assets.
The average total asset turnover over this period is approximately 0.65, suggesting that, on average, the company generates $0.65 in revenue for every $1 of total assets.
The increase in total asset turnover from Q2 2022 to Q4 2023 indicates an improvement in efficiency in utilizing its assets to generate sales. This could be attributed to better operational efficiency, effective asset management, or increased sales volume.
However, it's important to note the variability in the ratio over time, which could indicate fluctuations in the company's performance or changes in its asset base. Further analysis, including comparing the total asset turnover with industry benchmarks or competitors, may provide additional insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023