Expedia Group Inc. (EXPE)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	13,461,000	13,205,000	13,012,000	12,751,000	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
Property, plant and equipment	US$ in thousands	2,413,000	2,400,000	2,381,000	2,353,000	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
Fixed asset turnover		5.58	5.50	5.46	5.42	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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,461,000K ÷ $2,413,000K
= 5.58

Expedia Group Inc.'s fixed asset turnover has displayed a general decreasing trend from March 2020 to December 2021. The ratio dropped from 5.03 in March 2020 to 2.20 in December 2020. Subsequently, there was a slight increase in the metric, reaching 3.84 by December 2021.

From there, the trend reversed, showing a consistent increase in fixed asset turnover, indicating improvements in the utilization of fixed assets in generating revenue. By December 2024, the fixed asset turnover had reached 5.58, indicating that Expedia Group Inc. generated $5.58 in revenue for every dollar invested in fixed assets. This upward trend suggests enhanced efficiency in the company's utilization of its fixed assets to generate revenue.