Airbnb Inc (ABNB)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue (ttm)	US$ in thousands	9,885,000	9,638,930	9,126,340	8,746,450	8,405,530	7,998,080	7,352,000	6,583,090	5,593,549
Property, plant and equipment	US$ in thousands	160,000	147,000	132,000	122,000	121,000	118,459	118,056	142,729	157,000	173,876	193,250	210,953
Fixed asset turnover		61.78	65.57	69.14	71.69	69.47	67.52	62.28	46.12	35.63

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,885,000K ÷ $160,000K
= 61.78

Airbnb Inc's fixed asset turnover has shown an increasing trend over the past eight quarters, reaching a peak of 71.38 in Q1 2023. This indicates that the company is generating more revenue relative to its investment in fixed assets. The consistently high fixed asset turnover ratios suggest that Airbnb is effectively utilizing its fixed assets to generate sales. The significant increase in fixed asset turnover from Q1 2022 to Q1 2023 reflects an improvement in the company's operational efficiency and effectiveness in generating revenue from its fixed assets. Overall, the trend in fixed asset turnover for Airbnb Inc reflects positively on the company's operational performance and asset utilization.