Carnival Corporation (CCL)
Total asset turnover
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 24,470,000 | 23,464,000 | 21,836,000 | 20,426,000 | 19,417,000 | 17,876,000 | 15,504,000 | 13,197,000 | 10,559,000 | 7,812,000 | 4,475,000 | 2,493,000 | 1,264,000 | 654,000 | 139,000 | 648,000 | 5,356,000 | 10,056,000 | 16,506,000 | 20,732,000 |
| Total assets | US$ in thousands | 49,057,000 | 49,805,000 | 49,603,000 | 49,761,000 | 49,120,000 | 49,756,000 | 51,873,000 | 51,985,000 | 51,703,000 | 51,917,000 | 52,988,000 | 53,281,000 | 53,344,000 | 53,514,000 | 55,064,000 | 57,226,000 | 53,593,000 | 50,818,000 | 49,817,000 | 46,943,000 |
| Total asset turnover | 0.50 | 0.47 | 0.44 | 0.41 | 0.40 | 0.36 | 0.30 | 0.25 | 0.20 | 0.15 | 0.08 | 0.05 | 0.02 | 0.01 | 0.00 | 0.01 | 0.10 | 0.20 | 0.33 | 0.44 |
November 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $24,470,000K ÷ $49,057,000K
= 0.50
Total asset turnover measures how efficiently a company is generating sales from its assets. Carnival Corporation's total asset turnover has fluctuated over the periods provided.
- In February 2020, the total asset turnover was 0.44, indicating that the company generated $0.44 in sales for every dollar of assets.
- The ratio decreased to 0.33 in May 2020, and further declined to 0.20 in August 2020, suggesting a reduction in sales generated from assets.
- By November 2020, the total asset turnover dropped significantly to 0.10, indicating a decreased efficiency in asset utilization.
- Over the last few periods, the total asset turnover has shown some improvement, reaching 0.50 by November 2024.
- Overall, the trend in total asset turnover for Carnival Corporation has been fluctuating, but there seems to be a recent uptick in efficiency in generating sales from assets.
Peer comparison
Nov 30, 2024