Hilton Grand Vacations Inc (HGV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,981,000 | 3,978,000 | 3,835,000 | 2,335,000 | 894,000 |
| Total assets | US$ in thousands | 11,442,000 | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 |
| Total asset turnover | 0.44 | 0.46 | 0.48 | 0.29 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,981,000K ÷ $11,442,000K
= 0.44
Hilton Grand Vacations Inc's total asset turnover has shown a fluctuating trend over the years. In December 31, 2020 and December 31, 2021, the total asset turnover remained stable at 0.29. However, there was a notable increase in performance by December 31, 2022, with the total asset turnover rising to 0.48. Subsequently, the metric decreased to 0.46 by December 31, 2023, and further dropped to 0.44 by December 31, 2024.
The total asset turnover ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio generally signifies better efficiency in asset utilization. Despite the fluctuating trend observed in Hilton Grand Vacations Inc's total asset turnover, it is essential to further analyze the reasons behind these changes and assess the company's overall operational effectiveness and asset management strategies to determine the underlying factors influencing these fluctuations.