Stock Analysis on Net

American Airlines Group Inc. (NASDAQ:AAL)

This company has been moved to the archive! The financial data has not been updated since February 21, 2024.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

American Airlines Group Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 1.72 1.62 1.01 0.55 1.31
Net fixed asset turnover (including operating lease, right-of-use asset) 1.36 1.28 0.80 0.44 1.05
Total asset turnover 0.84 0.76 0.45 0.28 0.76
Equity turnover

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. American Airlines Group Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). American Airlines Group Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. American Airlines Group Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

American Airlines Group Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
Property and equipment, net 30,764 30,200 29,537 31,699 34,995
Long-term Activity Ratio
Net fixed asset turnover1 1.72 1.62 1.01 0.55 1.31
Benchmarks
Net Fixed Asset Turnover, Competitors2
FedEx Corp. 2.22 2.45 2.35 2.06 2.29
Uber Technologies Inc. 17.98 15.31 9.42 6.14 8.17
Union Pacific Corp. 0.42 0.44 0.40 0.36 0.40
United Parcel Service Inc. 2.46 2.89 2.91 2.62 2.43
Net Fixed Asset Turnover, Sector
Transportation 1.77 1.91 1.75 1.51 1.54
Net Fixed Asset Turnover, Industry
Industrials 3.17 3.22 3.04 2.41 2.76

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net fixed asset turnover = Operating revenues ÷ Property and equipment, net
= 52,788 ÷ 30,764 = 1.72

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. American Airlines Group Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

American Airlines Group Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
 
Property and equipment, net 30,764 30,200 29,537 31,699 34,995
Operating lease right-of-use assets 7,939 8,094 7,850 8,039 8,737
Property and equipment, net (including operating lease, right-of-use asset) 38,703 38,294 37,387 39,738 43,732
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.36 1.28 0.80 0.44 1.05
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
FedEx Corp. 1.55 1.71 1.64 1.46 2.29
Uber Technologies Inc. 11.25 9.03 5.39 3.61 4.25
Union Pacific Corp. 0.41 0.43 0.38 0.35 0.39
United Parcel Service Inc. 2.20 2.61 2.63 2.40 2.22
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Transportation 1.50 1.62 1.49 1.30 1.46
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.73 2.78 2.62 2.13 2.57

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Operating revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 52,788 ÷ 38,703 = 1.36

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). American Airlines Group Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

American Airlines Group Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
Total assets 63,058 64,716 66,467 62,008 59,995
Long-term Activity Ratio
Total asset turnover1 0.84 0.76 0.45 0.28 0.76
Benchmarks
Total Asset Turnover, Competitors2
FedEx Corp. 1.03 1.09 1.01 0.94 1.28
Uber Technologies Inc. 0.96 0.99 0.45 0.33 0.45
Union Pacific Corp. 0.36 0.38 0.34 0.31 0.35
United Parcel Service Inc. 1.28 1.41 1.40 1.36 1.28
Total Asset Turnover, Sector
Transportation 0.92 0.98 0.87 0.80 0.87
Total Asset Turnover, Industry
Industrials 0.68 0.67 0.61 0.52 0.62

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Total asset turnover = Operating revenues ÷ Total assets
= 52,788 ÷ 63,058 = 0.84

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. American Airlines Group Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

American Airlines Group Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating revenues 52,788 48,971 29,882 17,337 45,768
Stockholders’ deficit (5,202) (5,799) (7,340) (6,867) (118)
Long-term Activity Ratio
Equity turnover1
Benchmarks
Equity Turnover, Competitors2
FedEx Corp. 3.46 3.75 3.47 3.78 3.92
Uber Technologies Inc. 3.31 4.34 1.21 0.91 1.00
Union Pacific Corp. 1.63 2.05 1.54 1.15 1.20
United Parcel Service Inc. 5.26 5.07 6.83 128.81 22.68
Equity Turnover, Sector
Transportation 3.49 3.90 3.29 3.83 3.37
Equity Turnover, Industry
Industrials 3.44 3.09 2.69 2.87 3.73

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Equity turnover = Operating revenues ÷ Stockholders’ deficit
= 52,788 ÷ -5,202 =

2 Click competitor name to see calculations.