United Airlines Holdings Inc (UAL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 57,063,000 | 53,717,000 | 44,955,000 | 24,634,000 | 15,355,000 |
| Total assets | US$ in thousands | 74,083,000 | 71,104,000 | 67,358,000 | 68,175,000 | 59,548,000 |
| Total asset turnover | 0.77 | 0.76 | 0.67 | 0.36 | 0.26 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $57,063,000K ÷ $74,083,000K
= 0.77
The total asset turnover of United Airlines Holdings Inc has shown a notable improvement over the past five years, increasing from 0.26 in December 31, 2020, to 0.77 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets invested in the business. The trend suggests that United Airlines has become more efficient in utilizing its assets to generate sales, reflecting potential improvements in operational efficiency, asset management, or revenue generation strategies. This increase in total asset turnover may be a positive signal for investors, as it implies that the company is making better use of its assets to drive business performance. However, further analysis and comparison with industry benchmarks are recommended to gain a more comprehensive understanding of the company's financial health.
Peer comparison
Dec 31, 2024