Booking Holdings Inc (BKNG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,739,000 | 21,365,000 | 17,090,000 | 10,958,000 | 6,796,000 |
| Property, plant and equipment | US$ in thousands | — | — | 669,000 | 822,000 | 756,000 |
| Fixed asset turnover | — | — | 25.55 | 13.33 | 8.99 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,739,000K ÷ $—K
= —
Booking Holdings Inc's fixed asset turnover ratio has shown a steady upward trend over the years, reflecting the company's efficiency in generating revenue from its investment in fixed assets. The ratio increased from 8.99 in December 31, 2020, to 13.33 in December 31, 2021, and further to 25.55 in December 31, 2022. Such a significant improvement indicates that the company is utilizing its fixed assets more efficiently to generate sales.
However, there is missing data for December 31, 2023, and December 31, 2024, which limits the ability to analyze the continuous trend of fixed asset turnover for those years. It is crucial for the company to provide complete financial information to assess its ongoing operational performance accurately.
Overall, the increasing trend in fixed asset turnover ratio for Booking Holdings Inc signifies improved operational efficiency and effective utilization of fixed assets to drive revenue growth. Monitoring this ratio in conjunction with other performance indicators can provide valuable insights into the company's operational effectiveness and financial health.
Peer comparison
Dec 31, 2024