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.


Peer comparison

Dec 31, 2023