SkyWest Inc (SKYW)

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 3,599,954 3,371,490 3,186,371 3,005,936 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
Total assets US$ in thousands 7,139,870 6,956,600 6,962,440 6,982,740 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
Total asset turnover 0.50 0.48 0.46 0.43 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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,599,954K ÷ $7,139,870K
= 0.50

The total asset turnover of SkyWest Inc has exhibited a downward trend from 0.44 in March 2020 to 0.50 in December 2024. This indicates that the company generated less revenue relative to its total assets in March 2020, but improved its efficiency in generating revenue from its assets over the years. The company's ability to utilize its assets to generate revenue has been gradually increasing, reaching its peak of 0.50 in December 2024. This trend suggests that SkyWest Inc has been effectively managing its assets to drive sales growth and improve overall operational efficiency.