United Airlines Holdings Inc (UAL)

Fixed 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	57,063,000	55,994,000	55,635,000	54,827,000	53,717,000	52,491,000	50,884,000	48,818,000	44,955,000	40,747,000	35,620,000	28,979,000	24,634,000	19,854,000	14,593,000	10,597,000	15,355,000	22,831,000	31,722,000	41,649,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	42,335,000	58,708,000	56,881,000	54,929,000	52,594,000	51,401,000	50,934,000	36,719,000	36,825,000	34,772,000	48,871,000	36,003,000	47,811,000	47,313,000	46,822,000
Fixed asset turnover		—	—	—	—	—	1.24	0.87	0.86	0.82	0.77	0.69	0.57	0.67	0.54	0.42	0.22	0.43	0.48	0.67	0.89

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $57,063,000K ÷ $—K
= —

The fixed asset turnover ratio for United Airlines Holdings Inc has shown fluctuations over the period from March 31, 2020, to September 30, 2024. This ratio measures how efficiently the company generates revenue from its fixed assets.

The trend in the fixed asset turnover ratio indicates that United Airlines' utilization of fixed assets improved initially from March 31, 2020, to December 31, 2020, but then declined significantly until June 30, 2021. This decline suggests a potential decrease in the company's ability to generate revenue from its fixed assets efficiently during that period.

From June 30, 2021, the fixed asset turnover ratio displayed an upward trend, indicating an improvement in the company's efficiency in utilizing its fixed assets to generate revenue. The ratio reached its highest point at September 30, 2023, indicating a significant improvement in efficiency.

The last available data point for December 31, 2023, shows a further increase in the fixed asset turnover ratio, reaching its peak at 1.24. This suggests that the company was able to generate more revenue relative to its investment in fixed assets during that period.

It is important to note that the data for the later periods, from March 31, 2024, onwards, is not available (indicated by "—"). Further analysis would be needed to understand the reasons behind the fluctuations in the fixed asset turnover ratio and to assess the company's ability to maintain or improve its efficiency in utilizing fixed assets for revenue generation in the future.