SkyWest Inc (SKYW)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,629,780 | 2,890,360 | 2,963,230 | 2,652,290 | 2,033,210 |
| Property, plant and equipment | US$ in thousands | 5,587,410 | 5,482,970 | 5,548,480 | 5,498,600 | 5,362,050 |
| Fixed asset turnover | 0.65 | 0.53 | 0.53 | 0.48 | 0.38 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,629,780K ÷ $5,587,410K
= 0.65
SkyWest Inc's fixed asset turnover ratio has shown an increasing trend over the past five years, from 0.38 in December 2020 to 0.65 in December 2024. This indicates that the company has been able to generate more revenue from its fixed assets over time. A higher ratio signifies better utilization of fixed assets to generate sales, indicating efficiency in the company's operations. The consistent growth in fixed asset turnover reflects positively on SkyWest Inc's ability to efficiently manage and utilize its fixed assets to drive revenue generation. This trend suggests improved operational efficiency and effective asset utilization, which could potentially lead to enhanced profitability in the future.
Peer comparison
Dec 31, 2024