Expedia Group Inc. (EXPE)

Total 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
Total assets	US$ in thousands	21,642,000	22,522,000	25,676,000	24,986,000	21,561,000	21,879,000	24,744,000	24,577,000	21,548,000	21,944,000	24,181,000	21,866,000	18,690,000	19,679,000	21,905,000	20,417,000	21,416,000	21,381,000	22,201,000	20,963,000
Total asset turnover		0.58	0.55	0.47	0.48	0.53	0.52	0.43	0.39	0.39	0.30	0.22	0.17	0.27	0.34	0.41	0.57	0.56	0.55	0.52	0.53

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,581,000K ÷ $21,642,000K
= 0.58

Expedia Group Inc's total asset turnover has shown fluctuations over the past eight quarters, ranging from 0.39 to 0.59. A higher total asset turnover ratio indicates that the company is generating more revenue for each dollar of assets it owns. In the most recent quarter, Q4 2023, the total asset turnover ratio was 0.59, which is an improvement from the previous quarter. This suggests that Expedia is becoming more efficient in utilizing its assets to generate sales. However, it is important to note that the ratio has been volatile, with fluctuations in performance from quarter to quarter. Further analysis and comparison with industry benchmarks would be necessary to gain a deeper understanding of Expedia's asset utilization efficiency.