Booking Holdings Inc (BKNG)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	15,066,000	14,940,000	14,749,000	14,436,000
Total assets	US$ in thousands	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	21,402,000	21,446,000	21,494,000	22,366,000
Total asset turnover		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	0.70	0.70	0.69	0.65

December 31, 2023 calculation

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

Booking Holdings Inc's total asset turnover has shown fluctuation over the quarters, ranging from 0.56 to 0.88. This ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher total asset turnover ratio suggests that the company is generating more revenue per dollar of assets.

In the latest quarter, Q4 2023, the total asset turnover ratio was 0.88, showing an improvement compared to the previous quarters. This suggests that Booking Holdings Inc was able to generate more revenue relative to its total assets in Q4 2023.

However, it's important to note that the total asset turnover has varied over the quarters, indicating some inconsistency in the company's asset efficiency. Booking Holdings Inc may need to focus on optimizing its asset utilization to ensure consistent and efficient revenue generation going forward.