JetBlue Airways Corp (JBLU)
Total 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 |
| Total assets | US$ in thousands | 16,841,000 | 13,853,000 | 13,045,000 | 13,642,000 | 13,353,000 |
| Total asset turnover | 0.55 | 0.69 | 0.70 | 0.44 | 0.22 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,279,000K ÷ $16,841,000K
= 0.55
JetBlue Airways Corp's total asset turnover has shown a mixed trend over the past five years. The ratio increased from 0.22 in December 31, 2020, to 0.44 by December 31, 2021, indicating an improvement in the company's efficiency in generating sales from its total assets. Subsequently, the ratio continued to increase to 0.70 by December 31, 2022, suggesting that the company was utilizing its assets more effectively to generate revenue.
However, there was a slight decrease in total asset turnover to 0.69 by December 31, 2023, followed by a more significant decline to 0.55 by December 31, 2024. These decreases may be indicative of potential inefficiencies in asset utilization or changes in the company's operating environment impacting its ability to generate sales from its assets.
Overall, despite the fluctuations observed in the total asset turnover ratio, JetBlue Airways Corp should continue to monitor and assess its asset management strategies to ensure optimal utilization of assets to drive revenue generation efficiently.
Peer comparison
Dec 31, 2024