SkyWest Inc (SKYW)
Total 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 |
| Total assets | US$ in thousands | 7,139,870 | 7,026,290 | 7,414,550 | 7,125,950 | 6,887,620 |
| Total asset turnover | 0.51 | 0.41 | 0.40 | 0.37 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,629,780K ÷ $7,139,870K
= 0.51
The total asset turnover ratio for SkyWest Inc has been showing a consistent improvement over the past five years, indicating an enhancing efficiency in generating sales relative to its total assets. The ratio increased from 0.30 as of December 31, 2020, to 0.51 as of December 31, 2024. This suggests that the company has been able to generate more revenue for each dollar invested in assets. The rising trend in total asset turnover reflects the company's ability to utilize its assets more effectively to drive sales, which is a positive indicator of operational efficiency and management effectiveness.
Peer comparison
Dec 31, 2024