Hilton Worldwide Holdings Inc (HLT)

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	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
Total assets	US$ in thousands	15,401,000	15,200,000	15,297,000	15,211,000	15,512,000	15,508,000	15,382,000	15,459,000	15,441,000	15,314,000	15,090,000	15,974,000	16,755,000	17,129,000	17,126,000	15,788,000	14,957,000	15,067,000	15,140,000	14,853,000
Total asset turnover		0.66	0.66	0.64	0.61	0.57	0.53	0.49	0.43	0.37	0.32	0.27	0.20	0.26	0.34	0.42	0.58	0.63	0.62	0.61	0.61

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,235,000K ÷ $15,401,000K
= 0.66

Hilton Worldwide Holdings Inc's total asset turnover ratio has displayed a generally increasing trend over the periods presented. In Q4 2023 and Q3 2023, the ratio stood at 0.66, indicating that the company generated $0.66 in revenue for every dollar of assets owned. This suggests an efficient utilization of assets to generate sales.

Comparing Q4 2023 to Q1 2022, there has been a notable improvement in efficiency, with the ratio increasing from 0.43 to 0.66. This signifies an enhanced ability to generate revenue from its asset base.

Overall, the increasing trend in the total asset turnover ratio implies that Hilton Worldwide Holdings Inc has been successful in optimizing its asset utilization to drive revenue growth.