Hilton Worldwide Holdings Inc (HLT)

Fixed 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	10,235,000	10,008,000	9,717,000	9,323,000	8,773,000	8,175,000	7,564,000	6,642,000	5,788,000	4,873,000	4,027,000	3,245,000	4,307,000	5,754,000	7,246,000	9,181,000	9,452,000	9,355,000	9,206,000	9,117,000
Property, plant and equipment	US$ in thousands	382,000	305,000	297,000	287,000	280,000	254,000	271,000	290,000	305,000	303,000	318,000	327,000	346,000	349,000	355,000	356,000	380,000	380,000	418,000	412,000
Fixed asset turnover		26.79	32.81	32.72	32.48	31.33	32.19	27.91	22.90	18.98	16.08	12.66	9.92	12.45	16.49	20.41	25.79	24.87	24.62	22.02	22.13

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,235,000K ÷ $382,000K
= 26.79

Hilton Worldwide Holdings Inc's fixed asset turnover has exhibited fluctuations over the past eight quarters, ranging from 22.88 to 33.02. The fixed asset turnover ratio measures the company's efficiency in generating revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

In the most recent quarter, Q4 2023, the fixed asset turnover ratio stood at 26.79, suggesting that for every dollar invested in fixed assets, the company generated $26.79 in revenue. This indicates a decline from the previous quarter but remains relatively strong compared to historical performance.

Overall, Hilton Worldwide Holdings Inc's fixed asset turnover has shown a generally positive trend over the past two years, with occasional fluctuations. It is important to monitor this ratio over time to assess the company's efficiency in utilizing its fixed assets to drive revenue generation.