Hyatt Hotels Corporation (H)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,908,000 | 6,541,000 | 5,995,000 | 3,290,000 | 1,924,000 |
| Total assets | US$ in thousands | 13,324,000 | 12,833,000 | 12,312,000 | 12,603,000 | 9,129,000 |
| Total asset turnover | 0.59 | 0.51 | 0.49 | 0.26 | 0.21 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,908,000K ÷ $13,324,000K
= 0.59
Total asset turnover is a financial ratio that indicates how efficiently a company is using its assets to generate revenue. The ratio is calculated by dividing net sales by average total assets. Looking at the data provided for Hyatt Hotels Corporation, the total asset turnover has shown an increasing trend over the years, from 0.21 in December 31, 2020, to 0.59 in December 31, 2024.
This positive trend indicates that the company has been more effective in generating revenue relative to its total assets, demonstrating improved asset utilization and efficiency in its operations. A higher total asset turnover ratio suggests that the company is better at generating sales from its assets, leading to higher productivity and potentially higher profitability.
The significant increase in total asset turnover from 2020 to 2024 for Hyatt Hotels Corporation reflects the company's ability to leverage its assets more effectively to drive revenue growth. This trend is generally viewed positively by investors and analysts as it implies better operational performance and financial health for the company.
Peer comparison
Dec 31, 2024