Expedia Group Inc. (EXPE)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,534,000 | 11,327,000 | 8,359,000 | 4,977,000 | 11,882,000 |
| Property, plant and equipment | US$ in thousands | 2,359,000 | 2,210,000 | 2,180,000 | 2,257,000 | 2,198,000 |
| Fixed asset turnover | 5.31 | 5.13 | 3.83 | 2.21 | 5.41 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,534,000K ÷ $2,359,000K
= 5.31
Expedia Group Inc's fixed asset turnover has shown fluctuations over the past five years. The ratio increased from 2.30 in 2020 to 5.44 in 2023, indicating that the company is generating higher revenue relative to its fixed assets investment. This suggests improved efficiency in utilizing its fixed assets to generate sales. However, the ratio dipped in 2021 to 3.94 before rising again in 2022 to 5.28. The peak ratio of 5.49 was recorded in 2019, followed by a slight decline. Overall, the trend indicates a general efficiency in utilizing fixed assets, with some variability across the years.
Peer comparison
Dec 31, 2023