Airbnb Inc (ABNB)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	11,102,000	10,791,000	10,456,000	10,192,000	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	147,000	166,000	170,000	171,000	160,000	147,000	132,000	122,000	121,000	118,459	118,056	142,729	157,000
Fixed asset turnover		75.52	65.01	61.51	59.60	61.78	65.57	69.14	71.69	69.47	67.52	62.28	46.12	35.63

December 31, 2024 calculation

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

The fixed asset turnover ratio for Airbnb Inc has shown a generally increasing trend over the specified periods, starting at 35.63 on December 31, 2021, and reaching 75.52 on December 31, 2024. This indicates that the company has been more efficient in generating revenue in relation to its investment in fixed assets over time.

The ratio peaked at 75.52 on December 31, 2024, suggesting that Airbnb Inc was able to generate $75.52 in revenue for each dollar invested in fixed assets at that point in time. This increase in the ratio reflects the company's improved operational efficiency and effective management of fixed assets to drive revenue growth.

However, it is noticeable that there was a slight decrease in the fixed asset turnover ratio from March 31, 2023, to June 30, 2023, which could be attributed to various factors such as changes in business strategy, asset utilization, or market conditions.

Overall, the rising trend in the fixed asset turnover ratio for Airbnb Inc indicates a positive sign of efficiency in utilizing fixed assets to generate revenue, reflecting potential operational improvements and effective resource allocation within the company.