Hilton Grand Vacations Inc (HGV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,978,000 | 3,835,000 | 2,335,000 | 894,000 | 1,838,000 |
| Total assets | US$ in thousands | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 | 3,079,000 |
| Total asset turnover | 0.46 | 0.48 | 0.29 | 0.29 | 0.60 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,978,000K ÷ $8,685,000K
= 0.46
Hilton Grand Vacations Inc's total asset turnover has fluctuated over the past five years. The ratio indicates how efficiently the company is generating revenue from its total assets. In 2023 and 2022, the total asset turnover was 0.46 and 0.48, respectively, showing a moderate level of efficiency in utilizing its assets to generate revenue.
However, the ratio dropped significantly in 2021 and 2020 to 0.29, indicating a decrease in the company's ability to generate revenue from its assets during those years. This could suggest potential inefficiencies in asset utilization or changes in the company's operations.
In 2019, the total asset turnover was relatively high at 0.60, indicating that the company was highly efficient in generating revenue from its assets that year. Overall, a declining trend in total asset turnover in recent years may warrant further investigation into the company's asset management strategies and business operations.