JetBlue Airways Corp (JBLU)
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 | 9,279,000 | 9,327,000 | 9,315,000 | 9,497,000 | 9,616,000 | 9,706,000 | 9,915,000 | 9,750,000 | 9,158,000 | 8,577,000 | 7,987,000 | 7,041,000 | 6,038,000 | 4,865,000 | 3,385,000 | 2,101,000 | 2,956,000 | 4,326,000 | 5,920,000 | 7,810,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 9,292,000 | 9,158,000 | 9,392,000 | 9,037,000 | 8,904,000 | 8,857,000 | 8,814,000 | 9,205,000 | 9,078,000 | 8,506,000 | 8,399,000 | 8,375,000 | 8,702,000 | 8,751,000 |
| Fixed asset turnover | — | — | — | — | — | — | 1.07 | 1.06 | 0.98 | 0.95 | 0.90 | 0.79 | 0.69 | 0.53 | 0.37 | 0.25 | 0.35 | 0.52 | 0.68 | 0.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,279,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. A higher fixed asset turnover ratio indicates better utilization of fixed assets.
Analyzing the fixed asset turnover of JetBlue Airways Corp from March 31, 2020, to June 30, 2024, we observe a declining trend initially, reaching a low of 0.25 on March 31, 2021. This indicates that JetBlue was generating fewer sales relative to its fixed assets during this period.
However, from June 30, 2021, onwards, the fixed asset turnover ratio started to improve steadily, reaching a peak of 1.07 on June 30, 2023. This suggests that JetBlue was able to enhance its efficiency in utilizing fixed assets to generate sales during this period.
The data for September 30, 2023, and subsequent periods are not available, but the increasing trend in the fixed asset turnover ratio up to June 30, 2023, indicates positive developments in how JetBlue was managing its fixed assets efficiently to drive sales.
Overall, JetBlue's improving fixed asset turnover ratio reflects better operational efficiency and the ability to generate more revenue from its fixed asset base over the analyzed period. Investors and stakeholders may see this as a positive sign of effective management of the company's fixed assets.
Peer comparison
Dec 31, 2024