Norwegian Cruise Line Holdings Ltd (NCLH)

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	7,787,490	7,249,679	6,348,249	5,189,539	3,722,459	3,465,267	1,973,871	959,849	636,309	158,451	23,565	25,926	1,289,606	2,760,647	4,678,029	6,332,440	6,465,390	6,365,960	6,300,220	6,173,950
Property, plant and equipment	US$ in thousands	16,433,300	15,974,300	15,054,700	14,508,400	14,516,400	14,511,600	13,641,300	13,532,400	13,528,800	13,480,100	13,431,900	13,401,300	13,411,200	13,453,400	13,488,500	13,567,600	13,135,300	12,288,900	12,252,100	12,181,000
Fixed asset turnover		0.47	0.45	0.42	0.36	0.26	0.24	0.14	0.07	0.05	0.01	0.00	0.00	0.10	0.21	0.35	0.47	0.49	0.52	0.51	0.51

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,787,490K ÷ $16,433,300K
= 0.47

The fixed asset turnover ratio for Norwegian Cruise Line Holdings Ltd has shown a consistent increasing trend over the past eight quarters, indicating improved efficiency in generating revenue from its investment in fixed assets. The ratio increased from 0.09 in Q1 2022 to 0.52 in Q4 2023, signaling a significant enhancement in the company's ability to utilize its fixed assets to generate sales. This improvement suggests that the company is effectively managing and utilizing its fixed assets to drive revenue growth. It is important to note that a higher fixed asset turnover ratio is generally favorable as it indicates that the company is generating more sales from its investment in fixed assets.