Hilton Worldwide Holdings Inc (HLT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,174,000 | 10,235,000 | 8,773,000 | 5,788,000 | 4,307,000 |
| Total assets | US$ in thousands | 16,522,000 | 15,401,000 | 15,512,000 | 15,441,000 | 16,755,000 |
| Total asset turnover | 0.68 | 0.66 | 0.57 | 0.37 | 0.26 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,174,000K ÷ $16,522,000K
= 0.68
Based on the data provided, Hilton Worldwide Holdings Inc's total asset turnover has shown a gradual increase from 0.26 in December 31, 2020, to 0.68 in December 31, 2024. This improvement indicates that the company has been able to generate more revenue relative to its total assets over the years. A higher total asset turnover ratio is generally seen as favorable, as it signifies that the company is utilizing its assets more efficiently to generate sales. In the case of Hilton Worldwide Holdings Inc, the increasing trend in total asset turnover implies that the company has been managing its assets effectively, potentially leading to improved financial performance and profitability.
Peer comparison
Dec 31, 2024