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

Southwest Airlines Co Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Southwest Airlines Co asset turnover ratio, the ability of Southwest Airlines Co 's assets to generate revenue in the forth quarter 2023, increased sequentially to 0.7 in the fourth quarter (Dec 31 2023), yet the ratio remained below the average, as LUV's position remain challenging.

Within sector 7 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Forth Quarter 2023 compared to the preceding quarter from 484 to 506.


What is Asset Turnover Ratio?
What is Southwest Airlines Co Market Share?


LUV Asset Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Asset Change 3.75 % 3.61 % -3.9 % -4.72 % -15.18 %
Y / Y Revenue Change 10.55 % 4.9 % 4.59 % 21.56 % 22.19 %
Asset Turnover Ratio (TTM) 0.7 0.69 0.69 0.67 0.64
LUV's Total Ranking # 506 # 484 # 605 # 1556 # 587
Seq. Asset Change 11.87 % 1.22 % 2.64 % -10.73 % 11.72 %
Seq. Revenue Change 4.57 % -7.28 % 23.33 % -7.55 % -0.77 %



Asset Turnover Ratio Company Ranking
Within: No.
Airline Industry # 8
Transportation Sector # 23
Overall Market # 506

Asset Turnover Ratio Statistics
High Average Low
163.02 33.63 7.3
(Sep. 30, 2015)   (Dec. 31, 2008)







Companies with similar Asset Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector Asset Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Assets at quarter ending Dec 31 2023
Polaris Inc   1.64 $ 8,822.100  Millions$ 5,373.425  Millions
Air T Inc   1.62 $ 288.530  Millions$ 177.828  Millions
J b Hunt Transport Services Inc   1.56 $ 12,829.665  Millions$ 8,237.341  Millions
Brp Inc   1.53 $ 7,941.122  Millions$ 5,190.033  Millions
Shengfeng Development Limited  1.52 $ 404.121  Millions$ 265.838  Millions
United Parcel Service Inc   1.28 $ 90,958.000  Millions$ 70,918.500  Millions
Covenant Logistics Group Inc   1.27 $ 1,103.573  Millions$ 870.489  Millions
Schneider National Inc   1.22 $ 5,498.900  Millions$ 4,515.350  Millions
Marten Transport Ltd  1.14 $ 1,131.455  Millions$ 992.725  Millions
Pam Transportation Services Inc  1.10 $ 810.807  Millions$ 735.357  Millions
Werner Enterprises Inc   1.04 $ 3,283.499  Millions$ 3,143.477  Millions
Fedex Corporation  1.01 $ 87,945.000  Millions$ 87,136.250  Millions
The Greenbrier Companies Inc   1.00 $ 3,984.900  Millions$ 3,966.825  Millions
Saker Aviation Services Inc   0.96 $ 8.281  Millions$ 8.609  Millions
Wheels Up Experience Inc   0.87 $ 1,253.317  Millions$ 1,435.097  Millions
Grindrod Shipping Holdings Ltd   0.84 $ 387.096  Millions$ 460.884  Millions
Forward Air Corporation  0.83 $ 1,370.735  Millions$ 1,645.313  Millions
American Airlines Group Inc   0.80 $ 52,788.000  Millions$ 65,703.750  Millions
Latam Airlines Group S a   0.79 $ 11,640.541  Millions$ 14,667.315  Millions
Delta Air Lines Inc   0.79 $ 58,048.000  Millions$ 73,380.500  Millions
Heartland Express Inc   0.77 $ 1,207.458  Millions$ 1,573.586  Millions
Brink s Co  0.76 $ 4,874.600  Millions$ 6,382.775  Millions
Frontier Group Holdings Inc   0.74 $ 3,589.000  Millions$ 4,826.500  Millions
Blade Air Mobility Inc   0.72 $ 225.180  Millions$ 313.767  Millions
Southwest Airlines Co   0.72 $ 26,091.000  Millions$ 36,383.000  Millions
Jetblue Airways Corp  0.71 $ 9,615.000  Millions$ 13,493.250  Millions
Pangaea Logistics Solutions Ltd   0.69 $ 496.342  Millions$ 722.144  Millions
Hawaiian Holdings inc  0.69 $ 2,716.284  Millions$ 3,961.023  Millions
Bristow Group Inc   0.68 $ 1,297.429  Millions$ 1,905.360  Millions
Teekay Corporation  0.67 $ 1,464.975  Millions$ 2,196.638  Millions

Date modified: 2024-02-07T10:02:19+00:00



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