Carnival Corporation (CCL)
Total asset turnover
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 20,620,000 | 20,343,000 | 19,698,000 |
| Total assets | US$ in thousands | 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 | 45,058,000 | 44,001,000 | 44,512,000 |
| Total asset turnover | 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 | 0.46 | 0.46 | 0.44 |
February 29, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,426,000K ÷ $49,761,000K
= 0.41
The total asset turnover of Carnival Corporation has shown a fluctuating trend over the period indicated. It peaked at 0.46 in May 2019 and maintained relatively high levels until May 2020, where it stood at 0.33. However, the total asset turnover ratio started declining steadily from May 2020 to Nov 2020, down to 0.10. This decline continued into 2021 and early 2022, reaching its lowest point of 0.00 in February 2022.
Thereafter, there was a gradual improvement in the total asset turnover ratio, reaching 0.41 in February 2024. This indicates that the company's ability to generate sales from its total assets has improved significantly over the period. The increase in the total asset turnover ratio suggests that Carnival Corporation has been utilizing its assets more efficiently to generate revenue.
Overall, the trend in the total asset turnover ratio reflects varying levels of asset utilization and revenue generation efficiency within Carnival Corporation over the examined period. Further analysis could focus on the company's strategies and operational changes that contributed to the fluctuations in the total asset turnover ratio.
Peer comparison
Feb 29, 2024