Carnival Corporation (CCL)
Total 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 |
| Total assets | US$ in thousands | 49,057,000 | 49,120,000 | 51,703,000 | 53,344,000 | 53,593,000 |
| Total asset turnover | 0.51 | 0.40 | 0.20 | 0.04 | 0.08 |
November 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $24,945,000K ÷ $49,057,000K
= 0.51
The total asset turnover ratio for Carnival Corporation has exhibited fluctuating trends over the years based on the provided data. The ratio was 0.08 as of November 30, 2020, indicating that for every dollar of total assets, the company generated $0.08 of revenue.
However, there was a significant decrease in the ratio to 0.04 by November 30, 2021, suggesting a lower efficiency in utilizing its assets to generate sales during that period.
Subsequently, there was a notable improvement in asset utilization as the ratio surged to 0.20 by November 30, 2022, and doubled to 0.40 by November 30, 2023. This indicates that Carnival Corporation was able to significantly increase its revenue generation from its total assets during these years.
Moreover, the total asset turnover ratio further improved to 0.51 by November 30, 2024, signifying that the company's efficiency in generating sales from its total assets continued to strengthen. Overall, the fluctuating trends in the total asset turnover ratio suggest varying levels of asset efficiency and revenue generation for Carnival Corporation over the analyzed period.
Peer comparison
Nov 30, 2024