JetBlue Airways Corp (JBLU)
Total 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 |
| Total assets | US$ in thousands | 13,853,000 | 13,045,000 | 13,642,000 | 13,406,000 | 11,918,000 |
| Total asset turnover | 0.69 | 0.69 | 0.43 | 0.21 | 0.68 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,521,000K ÷ $13,853,000K
= 0.69
Jetblue Airways Corp's total asset turnover has varied over the past five years. In 2023, the total asset turnover was 0.69, indicating that the company generated $0.69 in revenue for every dollar of assets it owned during that year. This figure was slightly lower compared to the prior year's ratio of 0.70.
Looking back to 2021, the total asset turnover saw a significant improvement from 0.22 to 0.44, reflecting that Jetblue was able to utilize its assets more efficiently to generate revenue. However, in 2020, the total asset turnover dropped sharply to 0.22, suggesting that the company struggled to generate revenue relative to its asset base during that period.
In 2019, the total asset turnover was quite high at 0.68, indicating that Jetblue was able to efficiently generate revenue compared to the value of its assets. Overall, Jetblue's total asset turnover has fluctuated over the years, with varying levels of efficiency in utilizing its assets to generate revenue. Further analysis would be needed to understand the specific factors contributing to these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2023