United Airlines Holdings Inc (UAL)

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	51,951,000	50,709,000	49,119,000	47,117,000	43,302,000	39,125,000	33,995,000	27,348,000	23,067,000	18,683,000	13,524,000	9,753,000	14,000,000	21,476,000	30,513,000	40,437,000	42,706,000	42,309,000	41,928,000	41,485,000
Total assets	US$ in thousands	71,104,000	73,153,000	73,341,000	70,417,000	67,358,000	68,968,000	70,381,000	69,038,000	68,175,000	69,294,000	71,049,000	61,662,000	59,548,000	61,189,000	54,901,000	53,055,000	52,611,000	52,199,000	52,150,000	50,639,000
Total asset turnover		0.73	0.69	0.67	0.67	0.64	0.57	0.48	0.40	0.34	0.27	0.19	0.16	0.24	0.35	0.56	0.76	0.81	0.81	0.80	0.82

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $51,951,000K ÷ $71,104,000K
= 0.73

United Airlines Holdings Inc's total asset turnover has shown variability in recent quarters. The ratio, which measures how efficiently the company is generating revenue from its total assets, ranged from 0.42 to 0.76 over the past eight quarters.

The trend indicates an improving efficiency in asset utilization, as the ratio has generally been increasing over time. This suggests that United Airlines is becoming more effective in generating sales from its assets.

A total asset turnover ratio of 0.76 in Q4 2023 indicates that the company generated $0.76 in revenue for every dollar of assets it owns during that quarter. Comparing this to previous quarters, the company has shown a notable improvement in asset utilization.

Overall, the increasing trend in total asset turnover is a positive indicator of improved operational efficiency and effective asset management at United Airlines Holdings Inc.