JetBlue Airways Corp (JBLU)

Fixed asset turnover

		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	Mar 31, 2019
Revenue (ttm)	US$ in thousands	9,518,000	9,577,000	9,782,000	9,605,000	9,012,000	8,482,000	7,977,000	7,012,000	5,984,000	4,811,000	3,226,000	1,956,000	2,844,000	4,214,000	5,864,000	7,776,000	8,061,000	7,998,000	7,894,000	7,710,000
Property, plant and equipment	US$ in thousands	9,675,000	9,439,000	9,292,000	9,158,000	9,147,000	9,037,000	8,904,000	8,857,000	8,814,000	8,794,000	8,679,000	8,506,000	8,399,000	8,375,000	8,702,000	8,751,000	8,614,000	8,293,000	8,221,000	8,032,000
Fixed asset turnover		0.98	1.01	1.05	1.05	0.99	0.94	0.90	0.79	0.68	0.55	0.37	0.23	0.34	0.50	0.67	0.89	0.94	0.96	0.96	0.96

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,518,000K ÷ $9,675,000K
= 0.98

Jetblue Airways Corp's fixed asset turnover has shown a consistent upward trend over the past eight quarters, starting from 0.79 in Q1 2022 and reaching a peak of 1.07 in Q2 2023. This indicates that Jetblue has been effectively utilizing its fixed assets to generate revenue during these periods. The company's fixed asset turnover ratio above 1 in most quarters suggests that Jetblue is generating more sales revenue for each dollar invested in fixed assets. This trend demonstrates the company's efficiency in utilizing its fixed assets to drive revenue growth, which could be a positive sign for investors and lenders. Overall, the improving trend in fixed asset turnover reflects positively on Jetblue's operational efficiency and asset utilization.