Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 13, 2022.

Total Asset Turnover
since 2007

Microsoft Excel

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Calculation

Delta Air Lines Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).

1 US$ in millions


Operating Revenue
The operating revenue exhibited a general upward trend from 2007 through 2019, increasing from $19,154 million in 2007 to a peak of $47,007 million in 2019. This represents more than a doubling of revenue over the 12-year period, indicating consistent growth. However, a substantial decline is observed in 2020, dropping sharply to $17,095 million, likely reflecting extraordinary circumstances. The revenue partially recovered in 2021 to $29,899 million, signaling a rebound though not reaching pre-2020 levels.
Total Assets
Total assets also trended upward across the period, starting at $32,423 million in 2007 and rising to $72,459 million by the end of 2021. Notably, growth in assets accelerated after 2012, with a marked increase in 2013 and continued expansion through 2021. Despite market fluctuations evident in the revenue figures, the asset base expanded steadily, suggesting ongoing investment or capital accumulation.
Total Asset Turnover
The total asset turnover ratio, which measures efficiency in generating revenue from assets, displayed some variability. Initially, it decreased from 0.59 in 2007 to 0.5 in 2008, then recovered and increased to a high of 0.82 in 2012. From 2013 onwards, the ratio stabilized between approximately 0.72 and 0.77 until 2019, indicative of consistent operational efficiency relative to assets. In 2020, the ratio fell sharply to 0.24, corresponding with the revenue decline, and began recovering to 0.41 in 2021, though still below historical levels.
Summary Insights
The data reflects robust growth in operating revenue and total assets over the majority of the period, demonstrating expansion and increased scale of operations. The abrupt decline in revenue and asset turnover ratio in 2020 suggests a significant adverse impact, likely from external disruption. The partial recovery in 2021 indicates resilience and an ongoing adjustment process. The steady growth in total assets despite revenue volatility may indicate strategic positioning for future growth or a focus on asset accumulation during challenging periods.

Comparison to Competitors

Delta Air Lines Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).


Comparison to Sector (Transportation)

Delta Air Lines Inc., total asset turnover, long-term trends, comparison to sector (transportation)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).


Comparison to Industry (Industrials)

Delta Air Lines Inc., total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31).