Booking Holdings Inc (BKNG)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	23,739,000	23,052,000	22,399,000	22,002,000	21,365,000	20,630,000	19,341,000	18,173,000	17,090,000	16,022,000	14,646,000	12,512,000	10,958,000	9,215,000	7,179,000	5,649,000	6,796,000	8,897,000	11,297,000	14,517,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	732,000	699,000	669,000	879,000	858,000	844,000	822,000	762,000	1,205,000	734,000	756,000	744,000	736,000	720,000
Fixed asset turnover		—	—	—	—	—	—	26.42	26.00	25.55	18.23	17.07	14.82	13.33	12.09	5.96	7.70	8.99	11.96	15.35	20.16

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,739,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures how efficiently a company generates revenue from its fixed assets. In the case of Booking Holdings Inc, the fixed asset turnover ratio has shown a declining trend from March 31, 2020, to June 30, 2021, indicating decreasing efficiency in generating revenue from fixed assets.

However, from September 30, 2021, onwards, the fixed asset turnover ratio started to increase, indicating an improvement in the company's ability to generate revenue from its fixed assets. Notably, the ratio saw significant growth between March 31, 2023, and December 31, 2023, reaching its peak at 26.42.

The absence of data for the latter half of 2023 and the entirety of 2024 makes it challenging to ascertain the current trend in fixed asset turnover for Booking Holdings Inc. It would be important to monitor future financial statements to understand if the positive trend in fixed asset turnover continues or if there are any potential challenges impacting the efficiency of the company's fixed asset utilization.