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Southwest Airlines Co   (LUV)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation


Southwest Airlines Co 's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Southwest Airlines Co 's ROA in the first quarter of 2024?
Southwest Airlines Co achieved a return on average assets (ROA) of 1.05 % in its first quarter of 2024, which is below Southwest Airlines Co 's average return on assets, which stands at 3.92%.

ROA fell compared to the fourth quarter of 2023, despite the net income growth of % from the fourth quarter of 2023.

However, within the Transportation sector 26 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Mar 31 2024 quarter, so far to 1663, from total ROA ranking in the fourth quarter of 2023 at 1865.

What is ROA?


Return On Assets (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Total Assets Change 1.02 % 3.75 % 3.61 % -3.9 % -4.72 %
Y / Y Net Income Change - - -30.32 % -10.13 % -
Net Income (TTM) in million 393 465 497 581 658
Return On Assets (TTM) 1.05 % 1.25 % 1.35 % 1.59 % 1.78 %
LUV's Total Ranking # 1663 # 1865 # 2024 # 2044 # 2011
Total Assets (TTM) in million 35,623 40,985 36,635 36,195 35,263
Seq. Total Assets Change -13.08 % 11.87 % 1.22 % 2.64 % -10.73 %
Seq. Net Income Change - - -71.74 % - -



Return On Assets Company Ranking
Within: No.
Industry # 4
Sector # 27
Overall # 1658

Return On Assets Statistics
High Average Low
14.58 %
3.92 %
-9.27 %
(Mar 31 2018)   (Dec 31 2020)





Financial Statements
Southwest Airlines Co 's Assets $ 35,623 million LUV's Balance sheet
Southwest Airlines Co 's Income $ -231 million Quarterly LUV's Income Statement
LUV's Income by Division See LUV's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 3.75 % -15.18 % 35.85 % 32.39 % -1.33 %
Total Assets in million 40,985 39,503 46,574 34,283 25,895
Y / Y Net Income Change -13.73 % -44.83 % - - -6.69 %
Net Income in million 465 539 977 -3,074 2,300
Return On Assets 1.13 % 1.36 % 2.1 % -8.97 % 8.88 %




Comment on LUV's ROA in the fiscal year ending 2023
In the fiscal year 2023 Southwest Airlines Co 's ROA decreased compared to previous year to 1.13 %, due to deterioration of net income -13.73 % to $465.00 million, from $539.00 million a year ago, as LUV's assets were $40,985.00 million.


More Return On Assets Ratios
LUV's' Return on Assets at Yahoo Finance
Airline Industry Return On Assets Trends and Statistics
Transportation Sector Roa Statistics
Roa Trends for overall market
LUV's Roa Ratio versus Airline Industry, Transportation Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for LUV's Competitors
Roa for Southwest Airlines Co 's Suppliers
Return On Assets for LUV's Customers

You may also want to know
LUV's Roi LUV's Inventory Turnover Ratio LUV's Growth Rates LUV's Dividend Comparisons
LUV's Profitability Ratios LUV's Asset Turnover Ratio LUV's Dividend Growth
LUV's Roe LUV's Valuation Ratios LUV's Financial Strength Ratios LUV's Dividend Payout Ratio



Companies with similar Return On Assets at Mar 31 2024, within Transportation Sector ROA
Werner Enterprises Inc   2.65 %
Air Transport Services Group Inc   2.26 %
Brink s Co  2.04 %
Pam Transportation Services Inc  1.83 %
Forward Air Corporation  1.81 %
Skywest Inc  1.66 %
Trinity Industries Inc  1.60 %
Southwest Airlines Co   1.08 %
Knight swift Transportation Holdings Inc   0.87 %
American Airlines Group Inc   0.77 %
Alaska Air Group Inc   0.71 %
Genco Shipping and Trading Limited  0.33 %


Date modified: 2024-04-30T01:19:25+00:00


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