Expedia Group Inc. (EXPE)
Total 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 |
| Total assets | US$ in thousands | 21,642,000 | 21,561,000 | 21,548,000 | 18,690,000 | 21,416,000 |
| Total asset turnover | 0.58 | 0.53 | 0.39 | 0.27 | 0.55 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,534,000K ÷ $21,642,000K
= 0.58
The total asset turnover ratio for Expedia Group Inc has exhibited fluctuations over the past five years, with values ranging from 0.28 to 0.59. The ratio indicates the company's efficiency in generating sales revenue relative to its total assets.
In 2023, the total asset turnover ratio improved to 0.59, indicating that Expedia Group generated $0.59 in sales for every $1 of total assets. This reflects a more efficient utilization of assets compared to the previous year.
The upward trend in total asset turnover from 2020 to 2023 suggests that Expedia Group has been more effective in leveraging its assets to generate revenue. However, it is notable that the ratio experienced a significant dip in 2021 before rebounding in subsequent years.
Overall, while the total asset turnover ratio for Expedia Group has been volatile, the recent improvement may signify enhanced operational efficiency and effectiveness in utilizing its asset base to drive revenue generation.
Peer comparison
Dec 31, 2023