SkyWest Inc (SKYW)

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	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994	2,971,964	3,101,452	3,170,241	3,235,332
Total assets	US$ in thousands	7,026,290	7,059,120	7,115,770	7,233,760	7,414,550	7,454,200	7,336,650	7,148,960	7,125,950	6,940,500	6,991,760	6,894,680	6,887,620	6,758,590	6,773,380	6,661,410	6,657,130	6,597,660	6,580,020	6,544,530
Total asset turnover		0.41	0.40	0.40	0.40	0.40	0.41	0.41	0.40	0.37	0.36	0.31	0.27	0.30	0.33	0.37	0.44	0.45	0.47	0.48	0.49

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,890,358K ÷ $7,026,290K
= 0.41

The total asset turnover for Skywest Inc. has been relatively consistent over the past eight quarters, ranging from 0.41 to 0.42. This indicates that, on average, the company generates approximately 41-42 cents in revenue for every dollar of assets held. A stable total asset turnover may suggest steady efficiency in utilizing assets to generate sales. However, it is important to delve deeper into the company's operational and financial performance to fully understand the impact of the total asset turnover on its overall efficiency and profitability.