Delta Air Lines Inc (DAL)

Fixed 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	61,398,000	59,858,000	59,460,000	58,180,000	57,151,000	56,332,000	54,746,000	52,914,000	49,453,000	45,408,000	40,372,000	33,646,000	28,386,000	22,842,000	16,956,000	11,442,000	16,166,000	23,997,000	33,716,000	44,903,000
Property, plant and equipment	US$ in thousands	36,770,000	36,862,000	36,339,000	35,915,000	34,148,000	34,593,000	34,092,000	33,249,000	31,622,000	31,512,000	30,519,000	30,042,000	27,153,000	27,816,000	27,508,000	26,862,000	25,527,000	26,600,000	28,500,000	31,600,000
Fixed asset turnover		1.67	1.62	1.64	1.62	1.67	1.63	1.61	1.59	1.56	1.44	1.32	1.12	1.05	0.82	0.62	0.43	0.63	0.90	1.18	1.42

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $61,398,000K ÷ $36,770,000K
= 1.67

Delta Air Lines Inc's fixed asset turnover has exhibited fluctuations over the past few years. The ratio declined steadily from 1.42 as of March 31, 2020, to a low of 0.43 as of March 31, 2021, indicating a decrease in the efficiency of utilizing fixed assets to generate revenue. However, there was a gradual recovery in the ratio in subsequent quarters, reaching 1.67 as of December 31, 2024.

Overall, the upward trend in fixed asset turnover from 2021 to 2024 suggests an improvement in Delta Air Lines Inc's ability to generate revenue relative to its investment in fixed assets. An increasing fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to drive sales and profitability. It may also signify enhanced operational efficiency and better asset management within the organization.