Hilton Grand Vacations Inc (HGV)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,981,000 | 4,716,000 | 4,428,000 | 4,200,000 | 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 |
| Total assets | US$ in thousands | 11,442,000 | 11,154,000 | 11,467,000 | 11,664,000 | 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 |
| Total asset turnover | 0.44 | 0.42 | 0.39 | 0.36 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,981,000K ÷ $11,442,000K
= 0.44
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing the total sales or revenue by the average total assets.
Analyzing the data provided for Hilton Grand Vacations Inc, we can observe fluctuations in its total asset turnover ratio over the period from March 31, 2020, to December 31, 2024. Initially standing at 0.47 on March 31, 2020, the ratio declined to 0.29 by December 31, 2020. This decrease suggests that the company's ability to generate revenue from its assets worsened during this period.
Subsequently, there was a further decline in the total asset turnover ratio reaching its lowest point of 0.21 on September 30, 2021. However, from this point onwards, there was a gradual improvement in the ratio, with the company's ability to utilize its assets more efficiently increasing.
By the end of the period, on December 31, 2024, the total asset turnover ratio had improved to 0.44, indicating that Hilton Grand Vacations Inc was able to generate more revenue relative to its total assets compared to previous periods, although still below the initial ratio recorded in 2020.
Overall, the fluctuating trend in the total asset turnover ratio reflects changes in the company's operational efficiency and its ability to effectively utilize its assets to drive revenue generation across the analyzed period.