Hyatt Hotels Corporation (H)
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 | 6,541,000 | 6,486,000 | 6,389,000 | 6,403,000 | 5,995,000 | 5,478,000 | 5,094,000 | 4,132,000 | 3,290,000 | 2,602,000 | 1,848,000 | 1,337,000 | 1,924,000 | 2,838,000 | 4,048,000 | 5,110,000 | 5,349,000 | 5,212,000 | 4,926,000 | 4,766,000 |
| Property, plant and equipment | US$ in thousands | 2,340,000 | 2,373,000 | 2,384,000 | 2,371,000 | 2,384,000 | 2,361,000 | 2,286,000 | 2,525,000 | 2,848,000 | 2,876,000 | 3,121,000 | 3,159,000 | 3,126,000 | 3,178,000 | 3,237,000 | 3,294,000 | 3,456,000 | 3,519,000 | 3,615,000 | 3,605,000 |
| Fixed asset turnover | 2.80 | 2.73 | 2.68 | 2.70 | 2.51 | 2.32 | 2.23 | 1.64 | 1.16 | 0.90 | 0.59 | 0.42 | 0.62 | 0.89 | 1.25 | 1.55 | 1.55 | 1.48 | 1.36 | 1.32 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,541,000K ÷ $2,340,000K
= 2.80
Hyatt Hotels Corporation's fixed asset turnover has shown a consistent upward trend over the past two years, indicating the company's efficiency in generating revenue from its fixed assets. The ratio has steadily increased from 1.53 in Q1 2022 to 2.85 in Q4 2023, reflecting improvements in asset utilization and operational efficiency.
The company's ability to generate $2.85 in revenue for every dollar invested in fixed assets in Q4 2023 is a positive sign of operational effectiveness. The steady increase in the fixed asset turnover ratio suggests that Hyatt Hotels Corporation is effectively managing and utilizing its fixed assets to drive revenue growth.
Overall, the trend in fixed asset turnover for Hyatt Hotels Corporation points towards increasing efficiency and effectiveness in utilizing its fixed assets to generate revenue over the analyzed period.
Peer comparison
Dec 31, 2023