Booking Holdings Inc (BKNG)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	21,365,000	17,090,000	10,958,000	6,796,000	15,066,000
Total assets	US$ in thousands	24,342,000	25,361,000	23,641,000	21,874,000	21,402,000
Total asset turnover		0.88	0.67	0.46	0.31	0.70

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $21,365,000K ÷ $24,342,000K
= 0.88

Booking Holdings Inc's total asset turnover has fluctuated over the past five years. The ratio indicates how efficiently the company generates revenue from its total assets.

In 2023, the total asset turnover ratio improved to 0.88, showing that the company generated $0.88 in revenue for every $1 of assets. This implies that Booking Holdings Inc utilized its assets more efficiently to generate sales compared to the previous year.

Looking back at 2022, the total asset turnover was 0.67, indicating a decrease in efficiency compared to 2023. The company generated $0.67 in revenue for every $1 invested in assets.

In 2021, the total asset turnover ratio further declined to 0.46, suggesting a decrease in asset utilization efficiency. The company only generated $0.46 in revenue for every $1 of assets in that year.

In 2020, there was a significant improvement in total asset turnover to 0.31, indicating that Booking Holdings Inc generated $0.31 in revenue for every $1 of assets. This suggests a decrease in operational efficiency and asset utilization.

Finally, in 2019, the total asset turnover ratio stood at 0.70, representing the revenue generated per dollar of assets. This ratio was higher compared to 2021 and 2020 but lower than the efficiency achieved in 2023.

Overall, the trend in total asset turnover for Booking Holdings Inc shows fluctuations, with some years demonstrating improved asset utilization efficiency in generating revenue compared to others.