Hilton Grand Vacations Inc (HGV)
Total 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 | 3,978,000 | 3,951,000 | 4,049,000 | 3,990,000 | 3,835,000 | 3,681,000 | 3,493,000 | 2,879,000 | 2,335,000 | 1,709,000 | 989,000 | 778,000 | 894,000 | 1,150,000 | 1,408,000 | 1,739,000 | 1,838,000 | 2,012,000 | 1,973,000 | 2,082,000 |
| Total assets | US$ in thousands | 8,685,000 | 8,009,000 | 8,151,000 | 8,478,000 | 8,004,000 | 8,046,000 | 8,132,000 | 8,442,000 | 8,008,000 | 8,097,000 | 4,507,000 | 3,114,000 | 3,134,000 | 3,544,000 | 3,635,000 | 3,704,000 | 3,079,000 | 3,038,000 | 2,989,000 | 2,961,000 |
| Total asset turnover | 0.46 | 0.49 | 0.50 | 0.47 | 0.48 | 0.46 | 0.43 | 0.34 | 0.29 | 0.21 | 0.22 | 0.25 | 0.29 | 0.32 | 0.39 | 0.47 | 0.60 | 0.66 | 0.66 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,978,000K ÷ $8,685,000K
= 0.46
Hilton Grand Vacations Inc's total asset turnover has shown some fluctuations over the past eight quarters. The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. A higher ratio indicates that the company is generating more sales relative to its asset base.
From Q1 2022 to Q2 2022, the total asset turnover increased steadily from 0.34 to 0.50, indicating an improvement in the company's ability to generate revenue from its assets. However, there was a slight dip in Q3 2022 to 0.46 before increasing again in Q4 2022 to 0.48.
In the first half of 2023, the total asset turnover remained relatively stable, ranging from 0.46 to 0.50. This suggests that Hilton Grand Vacations Inc has maintained a consistent level of efficiency in utilizing its assets to generate revenue during this period.
Overall, the company's total asset turnover has shown some variability but generally indicates that Hilton Grand Vacations Inc is effectively utilizing its assets to generate sales. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain or improve its total asset turnover ratio in the future.