Airbnb Inc (ABNB)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	11,102,000	9,917,000	8,337,000	5,577,050
Property, plant and equipment	US$ in thousands	147,000	160,000	121,000	157,000
Fixed asset turnover		75.52	61.98	68.90	35.52

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,102,000K ÷ $147,000K
= 75.52

Fixed asset turnover is a financial ratio that measures a company's ability to generate sales from its fixed assets. In the case of Airbnb Inc, the fixed asset turnover has demonstrated significant improvement over the years.

As of December 31, 2021, Airbnb had a fixed asset turnover of 35.52, indicating that the company generated $35.52 in revenue for every dollar invested in fixed assets. This ratio increased to 68.90 by December 31, 2022, suggesting a substantial boost in efficiency in utilizing fixed assets to generate sales.

By December 31, 2023, the fixed asset turnover ratio slightly declined to 61.98 but still remained at a high level, indicating continued effectiveness in utilizing fixed assets. Finally, as of December 31, 2024, Airbnb further improved its fixed asset turnover to 75.52, showcasing the company's ability to efficiently generate revenue from its fixed assets.

Overall, the trend in Airbnb Inc's fixed asset turnover reflects a positive trajectory, indicating increasing efficiency in utilizing fixed assets to drive sales and potentially highlighting the company's effective asset management strategies.