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Southwest Airlines Co (LUV) |
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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 3 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 293 to 887.
What is Asset Turnover Ratio?
What is Southwest Airlines Co Market Share?
Select the Comparisons :
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Select the Ratio:
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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 |
# 887 |
# 293 |
# 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 Statistics |
High |
Average |
Low |
0.94 |
0.73 |
0.19 |
(June 30. 2016) |
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(Mar 31 2021) |
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 | 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 | Wheels Up Experience Inc | 0.87 | $ 1,253.317 Millions | $ 1,435.097 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 | Sun Country Airlines Holdings Inc | 0.65 | $ 1,049.620 Millions | $ 1,610.261 Millions | Knight swift Transportation Holdings Inc | 0.59 | $ 7,141.766 Millions | $ 12,022.986 Millions | Ardmore Shipping Corp | 0.57 | $ 395.978 Millions | $ 690.951 Millions | Spirit Airlines Inc | 0.57 | $ 5,362.549 Millions | $ 9,368.308 Millions |
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