Airbnb Inc (ABNB)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 9,917,000 | 8,337,000 | 5,577,050 |
| Total assets | US$ in thousands | 20,645,000 | 16,038,000 | 13,708,000 |
| Total asset turnover | 0.48 | 0.52 | 0.41 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,917,000K ÷ $20,645,000K
= 0.48
The total asset turnover ratio for Airbnb Inc has experienced fluctuations over the past five years. In 2023, the ratio stands at 0.48, indicating that the company generated $0.48 in revenue for every $1 of total assets. This suggests a decrease from the previous year, when the ratio was 0.52.
Looking further back, in 2021 and 2020, Airbnb's total asset turnover was 0.44 and 0.32, respectively, showing a fluctuating trend. In 2019, the ratio was relatively high at 0.58, indicating that the company was more efficient in generating revenue from its total assets that year.
The varying total asset turnover ratios over the years suggest fluctuations in the efficiency of Airbnb's asset utilization to generate revenue. It is essential for the company to closely monitor and manage its assets effectively to maximize revenue generation and overall performance.
Peer comparison
Dec 31, 2023