Norwegian Cruise Line Holdings Ltd (NCLH)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	9,479,660	9,356,750	9,086,210	8,919,210	8,549,930	8,082,600	7,162,070	6,143,760	4,843,760	3,812,067	2,349,638	1,166,826	647,986	170,128	23,565	36,126	1,279,906	2,750,947	4,658,279	6,305,630
Property, plant and equipment	US$ in thousands	—	—	—	—	—	16,676,400	15,054,700	14,508,400	15,223,500	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
Fixed asset turnover		—	—	—	—	—	0.48	0.48	0.42	0.32	0.26	0.17	0.09	0.05	0.01	0.00	0.00	0.10	0.20	0.35	0.46

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,479,660K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investments in fixed assets. It is calculated by dividing total revenue by average fixed assets.

Analyzing Norwegian Cruise Line Holdings Ltd's fixed asset turnover based on the provided data, we can see a declining trend from March 31, 2020, to June 30, 2022, indicating that the company was generating less revenue in proportion to its investment in fixed assets during this period.

From June 30, 2022, there is a notable improvement in the fixed asset turnover ratio, reaching its peak at 0.48 by September 30, 2023. This suggests that Norwegian Cruise Line Holdings Ltd was able to generate more revenue from its fixed assets during this time frame.

However, the absence of data for the periods beyond December 31, 2023, limits our ability to provide a comprehensive analysis of the company's recent performance in terms of fixed asset turnover.

Overall, a higher fixed asset turnover ratio indicates better asset utilization and efficiency in generating revenue from fixed assets. It is crucial for companies to maintain a balance between investing in fixed assets and generating sufficient revenue from those assets to ensure profitability and long-term sustainability.