Expedia Group Inc. (EXPE)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	12,581,000	12,396,000	12,158,000	11,945,000	11,465,000	11,457,000	10,704,000	9,648,000	8,373,000	6,685,000	5,200,000	3,643,000	4,960,000	6,787,000	8,914,000	11,557,000	11,954,000	11,766,000	11,477,000	11,192,000
Property, plant and equipment	US$ in thousands	2,359,000	2,354,000	2,318,000	2,260,000	2,210,000	2,169,000	2,163,000	2,169,000	2,180,000	2,264,000	2,261,000	2,241,000	2,257,000	2,303,000	2,305,000	2,297,000	2,198,000	2,090,000	1,953,000	1,828,000
Fixed asset turnover		5.33	5.27	5.25	5.29	5.19	5.28	4.95	4.45	3.84	2.95	2.30	1.63	2.20	2.95	3.87	5.03	5.44	5.63	5.88	6.12

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,581,000K ÷ $2,359,000K
= 5.33

Expedia Group Inc's fixed asset turnover has been consistently strong over the past eight quarters, ranging from 4.43 to 5.44. This indicates that the company is generating $5.28 to $5.44 in revenue for every dollar invested in fixed assets. The upward trend in fixed asset turnover from Q1 2022 to Q4 2023 reflects an efficient utilization of fixed assets to generate sales. This consistent performance suggests that Expedia Group Inc is effectively managing its fixed assets to drive revenue generation and maximize operational efficiency.