JetBlue Airways Corp (JBLU)
Total 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 |
| Total assets | US$ in thousands | 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 | 13,406,000 | 13,433,000 | 14,027,000 | 12,340,000 | 11,918,000 | 11,319,000 | 11,236,000 | 11,115,000 |
| Total asset turnover | 0.69 | 0.71 | 0.73 | 0.73 | 0.69 | 0.64 | 0.59 | 0.51 | 0.44 | 0.34 | 0.22 | 0.14 | 0.21 | 0.31 | 0.42 | 0.63 | 0.68 | 0.71 | 0.70 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,518,000K ÷ $13,853,000K
= 0.69
Jetblue Airways Corp's total asset turnover has shown a fluctuating trend over the past eight quarters. The metric ranged from a low of 0.51 in Q1 2022 to a high of 0.74 in Q2 2023 and Q1 2023. This indicates that, on average, the company generated $0.69 to $0.74 in revenue for each dollar of assets during these periods.
The gradual increase in total asset turnover from Q2 2022 to Q1 2023 reflects an improvement in the company's efficiency in utilizing its assets to generate revenue. However, the slight decline in the metric in Q4 2023 may raise concerns about the company's ability to maintain this efficiency in the long term.
It is important for Jetblue Airways Corp to continue monitoring and analyzing its total asset turnover to ensure that it is effectively managing its assets and maximizing revenue generation. Additionally, comparative analysis with industry peers can provide valuable insights into the company's performance in this aspect.
Peer comparison
Dec 31, 2023