Norwegian Cruise Line Holdings Ltd (NCLH)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 9,479,650 8,549,920 4,843,760 647,986 1,279,910
Property, plant and equipment US$ in thousands — — 15,223,500 13,528,800 13,411,200
Fixed asset turnover — — 0.32 0.05 0.10

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,479,650K ÷ $—K
= —

The fixed asset turnover ratio of Norwegian Cruise Line Holdings Ltd has shown some fluctuations over the years. In December 31, 2020, the ratio was 0.10, indicating that the company generated $0.10 in revenue for every $1 invested in fixed assets. However, by December 31, 2021, the ratio dropped to 0.05, suggesting a decrease in efficiency in utilizing fixed assets to generate sales.

In December 31, 2022, there was a significant improvement in the fixed asset turnover ratio to 0.32, indicating a more efficient use of fixed assets to generate revenue. This improvement may be attributed to better operational efficiency or increased sales during that period.

Unfortunately, the data for December 31, 2023 and December 31, 2024 is unavailable (denoted by "—"). It's important to note that a higher fixed asset turnover ratio generally signifies better efficiency in utilizing fixed assets to generate revenue, while a lower ratio may indicate underutilization or inefficiencies in asset management. Overall, the trend in the fixed asset turnover ratio for Norwegian Cruise Line Holdings Ltd has been mixed, with fluctuations seen over the years.