JetBlue Airways Corp (JBLU)

Total 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
Total assets	US$ in thousands	16,841,000	16,627,000	13,993,000	13,721,000	13,853,000	13,412,000	13,481,000	13,227,000	13,045,000	13,330,000	13,543,000	13,803,000	13,642,000	14,069,000	14,415,000	13,660,000	13,353,000	13,433,000	14,027,000	12,340,000
Total asset turnover		0.55	0.56	0.67	0.69	0.69	0.72	0.74	0.74	0.70	0.64	0.59	0.51	0.44	0.35	0.23	0.15	0.22	0.32	0.42	0.63

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,279,000K ÷ $16,841,000K
= 0.55

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For JetBlue Airways Corp, the total asset turnover ratio has fluctuated over the years. It decreased from 0.63 on March 31, 2020, to a low of 0.15 on March 31, 2021, indicating a decline in asset utilization efficiency. Subsequently, the ratio started to improve and reached a peak of 0.74 on both June 30, 2023, and March 31, 2024. This suggests that JetBlue Airways Corp was able to generate more revenue relative to its total assets during these periods. However, by the end of December 31, 2024, the total asset turnover ratio decreased to 0.55, signifying a potential decrease in efficiency in utilizing total assets. Overall, JetBlue's total asset turnover ratio has shown variability, with periods of improvement and decline in asset utilization efficiency over the analyzed time frame.