JetBlue Airways Corp (JBLU)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,279,000 | 9,615,000 | 9,158,000 | 6,037,000 | 2,957,000 |
| Property, plant and equipment | US$ in thousands | — | — | 9,392,000 | 8,814,000 | 8,399,000 |
| Fixed asset turnover | — | — | 0.98 | 0.68 | 0.35 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,279,000K ÷ $—K
= —
The fixed asset turnover ratio for JetBlue Airways Corp has demonstrated an upward trend over the last few years. Starting at 0.35 in December 31, 2020, the ratio increased to 0.68 in December 31, 2021, indicating an improvement in the efficiency of utilizing the company's fixed assets to generate revenue. This positive trend continued as the ratio further rose to 0.98 by December 31, 2022, showcasing an even more efficient utilization of fixed assets.
However, it is important to note that the data for December 31, 2023, and December 31, 2024, is not available (denoted by "—"), making it challenging to assess the continued trajectory of the fixed asset turnover ratio. It would be essential for JetBlue Airways Corp to provide updated financial information to accurately evaluate the company's performance in managing its fixed assets for revenue generation prospectively.
Peer comparison
Dec 31, 2024