Expedia Group Inc. (EXPE)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	13,585,000	12,534,000	11,327,000	8,359,000	4,977,000
Property, plant and equipment	US$ in thousands	2,413,000	2,359,000	2,210,000	2,180,000	2,257,000
Fixed asset turnover		5.63	5.31	5.13	3.83	2.21

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,585,000K ÷ $2,413,000K
= 5.63

Fixed asset turnover is a crucial financial ratio that indicates how efficiently a company utilizes its fixed assets to generate revenue. In the case of Expedia Group Inc., the trend in fixed asset turnover has been positive over the past five years.

Starting at 2.21 in December 31, 2020, the company's fixed asset turnover ratio increased consistently, reaching 3.83 by December 31, 2021, 5.13 by December 31, 2022, 5.31 by December 31, 2023, and 5.63 by December 31, 2024.

This upward trend signifies that Expedia Group Inc. has been able to generate more revenue for each dollar invested in fixed assets, indicating improvements in operational efficiency and asset utilization over the years. A higher fixed asset turnover ratio generally reflects better management of fixed assets, leading to increased profitability and shareholder value.

Overall, the rising trend in Expedia Group Inc.'s fixed asset turnover ratio suggests that the company has been effectively leveraging its fixed assets to drive revenue growth, which could be a positive indicator for investors and stakeholders.