Airbnb Inc (ABNB)

Total 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
Total assets	US$ in thousands	20,645,000	21,439,000	21,188,000	20,018,000	16,038,000	16,076,600	19,059,100	17,068,400	13,708,000	13,582,000	15,484,800	12,339,100
Total asset turnover		0.48	0.45	0.43	0.44	0.52	0.50	0.39	0.39	0.41

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,885,000K ÷ $20,645,000K
= 0.48

Airbnb Inc's total asset turnover ratio measures the efficiency with which the company generates revenue from its total assets. The trend in total asset turnover over recent quarters shows fluctuations, with values ranging from 0.39 to 0.52.

In Q4 2023, the total asset turnover ratio was 0.48, indicating that the company generated 48 cents in revenue for every dollar of assets it had during that period. This value was slightly lower than the ratio in Q4 2022, which was 0.52. The decrease in total asset turnover from the previous quarter may suggest that Airbnb Inc was less efficient in utilizing its assets to generate revenue.

Overall, the trend in total asset turnover ratios for Airbnb Inc shows variability, and it is important for the company to closely monitor this metric to ensure optimal utilization of its assets to drive revenue growth.