Hyatt Hotels Corporation (H)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,541,000 | 5,995,000 | 3,290,000 | 1,924,000 | 5,694,000 |
| Total assets | US$ in thousands | 12,833,000 | 12,312,000 | 12,603,000 | 9,129,000 | 8,417,000 |
| Total asset turnover | 0.51 | 0.49 | 0.26 | 0.21 | 0.68 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,541,000K ÷ $12,833,000K
= 0.51
The total asset turnover ratio for Hyatt Hotels Corporation has fluctuated over the past five years, as follows:
- Dec 31, 2023: 0.52
- Dec 31, 2022: 0.48
- Dec 31, 2021: 0.24
- Dec 31, 2020: 0.23
- Dec 31, 2019: 0.60
The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is effectively utilizing its assets to generate sales.
In 2019, the ratio stood at 0.60, indicating that for every dollar of assets, the company generated $0.60 in sales revenue. However, in 2020 and 2021, the ratio declined significantly to 0.23 and 0.24, respectively, suggesting a decrease in efficiency in asset utilization.
There was an improvement in the ratio in 2022 and 2023, with the ratio increasing to 0.48 and 0.52, respectively. This indicates that the company improved its efficiency in generating sales from its assets during these periods.
Overall, the trend in total asset turnover for Hyatt Hotels Corporation shows fluctuations, with a significant decline in 2020 and 2021 followed by some recovery in 2022 and 2023. Further analysis would be needed to understand the factors driving these changes and to assess the company's overall asset management efficiency.
Peer comparison
Dec 31, 2023