Delta Air Lines Inc (DAL)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 46,779,000 | 46,082,000 | 45,545,000 |
| Total assets | US$ in thousands | 74,969,000 | 73,644,000 | 73,247,000 | 73,497,000 | 73,134,000 | 72,288,000 | 72,596,000 | 74,805,000 | 73,748,000 | 72,459,000 | 72,783,000 | 75,309,000 | 73,083,000 | 71,996,000 | 79,076,000 | 72,261,000 | 68,738,000 | 64,532,000 | 63,219,000 | 62,518,000 |
| Total asset turnover | 0.78 | 0.78 | 0.77 | 0.74 | 0.72 | 0.68 | 0.63 | 0.54 | 0.46 | 0.39 | 0.31 | 0.23 | 0.16 | 0.22 | 0.30 | 0.47 | 0.65 | 0.72 | 0.73 | 0.73 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $58,180,000K ÷ $74,969,000K
= 0.78
Delta Air Lines Inc's total asset turnover ratio has been fluctuating over the past few quarters. The ratio increased steadily from the fourth quarter of 2019 to the second quarter of 2020, peaking at 0.73. However, in the third quarter of 2020, there was a notable drop to 0.30, possibly indicating a change in the efficiency of asset utilization during that period.
Subsequently, there was an improvement in the total asset turnover ratio in the fourth quarter of 2020, but it remained relatively low compared to the previous peaks. The ratio continued to increase throughout 2021, reaching 0.78 by the first quarter of 2023.
Overall, Delta Air Lines Inc's total asset turnover ratio has shown some variability in recent periods, with fluctuations reflecting changes in the company's ability to generate revenue relative to its total assets. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's operational efficiency and financial performance.
Peer comparison
Mar 31, 2024