Carnival Corporation (CCL)

Fixed asset turnover

		Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Revenue	US$ in thousands	24,945,000	19,429,000	10,558,000	1,908,000	4,236,000
Property, plant and equipment	US$ in thousands	41,795,000	40,116,000	38,687,000	38,107,000	38,073,000
Fixed asset turnover		0.60	0.48	0.27	0.05	0.11

November 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $24,945,000K ÷ $41,795,000K
= 0.60

Carnival Corporation's fixed asset turnover has shown a fluctuating trend over the past five years. The ratio was at 0.11 on November 30, 2020, indicating that the company generated $0.11 in revenue for every dollar invested in fixed assets. However, there was a significant decrease in the ratio to 0.05 on November 30, 2021, suggesting a lower efficiency in utilizing fixed assets to generate revenue.

Subsequently, there was a notable improvement in fixed asset turnover to 0.27 on November 30, 2022, signifying a more efficient utilization of fixed assets to generate revenue. This was followed by a further increase to 0.48 on November 30, 2023, indicating that the company was able to generate $0.48 in revenue for every dollar invested in fixed assets.

The most recent data point on November 30, 2024, shows a fixed asset turnover of 0.60, indicating a continued improvement in efficiency in utilizing fixed assets to generate revenue. Overall, Carnival Corporation has shown varying levels of efficiency in generating revenue from fixed assets over the past five years, with an upward trend in recent years.