JetBlue Airways Corp (JBLU)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,521,000 | 9,010,000 | 5,882,000 | 2,794,000 | 8,060,000 |
| Property, plant and equipment | US$ in thousands | 9,675,000 | 9,147,000 | 8,814,000 | 8,399,000 | 8,614,000 |
| Fixed asset turnover | 0.98 | 0.99 | 0.67 | 0.33 | 0.94 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,521,000K ÷ $9,675,000K
= 0.98
The fixed asset turnover ratio for Jetblue Airways Corp has shown fluctuations over the past five years. In 2023, the ratio was 0.99, indicating that the company generated $0.99 in revenue for every $1 of fixed assets it owns. This represents a slight decrease from the previous year's ratio of 1.00.
The ratio was significantly lower in 2021 at 0.68, suggesting that the company's fixed assets were less efficient in generating revenue during that period. The sharp increase in 2020 to 4.84 indicates that Jetblue Airways Corp experienced a significant boost in revenue relative to its fixed assets, potentially due to strategic investments or operational improvements.
In 2019, the fixed asset turnover ratio was 0.94, showing a relatively similar level of efficiency in utilizing fixed assets compared to 2023. Overall, the trend in fixed asset turnover for Jetblue Airways Corp demonstrates variability, with 2020 standing out as a year of exceptional performance in harnessing revenue from fixed assets.
Peer comparison
Dec 31, 2023