United Airlines Holdings Inc (UAL)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 51,951,000 | 43,302,000 | 23,067,000 | 13,673,000 | 42,560,000 |
| Total assets | US$ in thousands | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 | 52,611,000 |
| Total asset turnover | 0.73 | 0.64 | 0.34 | 0.23 | 0.81 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $51,951,000K ÷ $71,104,000K
= 0.73
United Airlines Holdings Inc's total asset turnover has fluctuated over the past five years. The ratio measures how efficiently the company generates revenue from its total assets.
In 2023, the total asset turnover ratio increased to 0.76, indicating that the company generated $0.76 in revenue for every dollar of total assets. This represents an improvement from the previous year, where the ratio was 0.67.
Compared to 2021 and 2020, where the ratios were 0.36 and 0.26 respectively, there has been a significant increase in asset turnover efficiency. This suggests that United Airlines Holdings Inc has been more effective in utilizing its assets to generate revenue in recent years.
However, it is worth noting that the ratio was much higher in 2019 at 0.82, indicating that the company was more efficient in asset turnover that year compared to 2023. This could suggest that there may be room for further improvement in optimizing asset utilization to drive revenue growth in the future.
Peer comparison
Dec 31, 2023