Southwest Airlines Company (LUV)
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 | 27,401,000 | 27,239,000 | 26,858,000 | 26,481,000 | 25,856,000 | 25,202,000 | 24,805,000 | 24,431,000 | 23,395,000 | 22,240,000 | 20,744,000 | 18,041,000 | 15,380,000 | 12,435,000 | 9,655,000 | 6,763,000 | 9,048,000 | 12,764,000 | 16,610,000 | 21,511,000 |
| Total assets | US$ in thousands | 33,750,000 | 34,847,000 | 35,563,000 | 36,018,000 | 36,487,000 | 36,980,000 | 36,519,000 | 35,546,000 | 35,369,000 | 35,946,000 | 38,302,000 | 37,262,000 | 36,320,000 | 37,110,000 | 38,206,000 | 35,493,000 | 34,588,000 | 35,605,000 | 35,596,000 | 26,885,000 |
| Total asset turnover | 0.81 | 0.78 | 0.76 | 0.74 | 0.71 | 0.68 | 0.68 | 0.69 | 0.66 | 0.62 | 0.54 | 0.48 | 0.42 | 0.34 | 0.25 | 0.19 | 0.26 | 0.36 | 0.47 | 0.80 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $27,401,000K ÷ $33,750,000K
= 0.81
The total asset turnover of Southwest Airlines Company has shown a declining trend from 0.80 on March 31, 2020, to 0.81 on December 31, 2024. This ratio indicates the efficiency with which the company generates sales revenue relative to its total assets.
The decreasing trend in total asset turnover may suggest that Southwest Airlines Company is becoming less efficient in utilizing its assets to generate revenue. However, it's important to note that the ratio has been relatively stable since March 31, 2023, fluctuating within a narrow range between 0.69 and 0.81.
Further analysis is recommended to understand the factors contributing to this trend and assess whether there are underlying operational or strategic issues impacting the company's asset utilization efficiency.
Peer comparison
Dec 31, 2024