Booking Holdings Inc (BKNG)

Total 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
Total assets	US$ in thousands	27,708,000	27,978,000	28,541,000	27,728,000	24,342,000	25,635,000	26,558,000	25,206,000	25,361,000	22,063,000	24,493,000	22,384,000	23,641,000	23,341,000	23,881,000	23,655,000	21,874,000	22,145,000	20,912,000	17,862,000
Total asset turnover		0.86	0.82	0.78	0.79	0.88	0.80	0.73	0.72	0.67	0.73	0.60	0.56	0.46	0.39	0.30	0.24	0.31	0.40	0.54	0.81

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,739,000K ÷ $27,708,000K
= 0.86

The total asset turnover of Booking Holdings Inc has shown fluctuating trends over the reported periods. It decreased from 0.81 on March 31, 2020, to a low of 0.24 on March 31, 2021. Subsequently, there was a gradual increase in the metric, reaching 0.88 on December 31, 2023. Overall, the total asset turnover ratio has shown variability but generally trended upwards from 2021 onwards. This indicates that the company has been able to generate more revenue relative to its total assets over time, implying improved efficiency in asset utilization. However, a sustained analysis of this trend over additional periods would provide more insight into the company's operational efficiency and financial performance.