Booking Holdings Inc (BKNG)
Total 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 |
| Total assets | US$ in thousands | 27,708,000 | 24,342,000 | 25,361,000 | 23,641,000 | 21,874,000 |
| Total asset turnover | 0.86 | 0.88 | 0.67 | 0.46 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $23,739,000K ÷ $27,708,000K
= 0.86
Booking Holdings Inc's total asset turnover has shown a positive trend over the past five years, increasing from 0.31 in December 31, 2020 to 0.86 by December 31, 2024. This indicates that the company is generating more revenue from its assets over time, reflecting improved efficiency in asset utilization. The steady growth in total asset turnover suggests that Booking Holdings Inc has been able to more effectively leverage its assets to generate sales, which is a positive indicator of financial performance and operational efficiency. However, it's worth noting the slight decrease in total asset turnover from 2023 to 2024, which may warrant further monitoring to ensure continued efficiency in asset utilization.
Peer comparison
Dec 31, 2024