Norwegian Cruise Line Holdings Ltd (NCLH)
Total 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 |
| Total assets | US$ in thousands | 19,969,800 | 19,493,000 | 18,557,700 | 18,729,800 | 18,399,300 |
| Total asset turnover | 0.47 | 0.44 | 0.26 | 0.03 | 0.07 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,479,650K ÷ $19,969,800K
= 0.47
The total asset turnover ratio for Norwegian Cruise Line Holdings Ltd has shown significant fluctuations over the past five years. In 2020, the ratio was 0.07, indicating that the company generated $0.07 in revenue for every $1 of total assets. However, in 2021, there was a notable decline in the ratio to 0.03, suggesting a decrease in the company's efficiency in generating revenue from its assets.
The performance improved substantially in 2022, with the ratio jumping to 0.26, reflecting a significant increase in revenue generation compared to the previous year. This improvement continued in 2023, as the ratio further increased to 0.44, indicating that Norwegian Cruise Line Holdings Ltd was able to generate $0.44 in revenue for every $1 of total assets.
By the end of 2024, the total asset turnover ratio reached 0.47, signaling a slight increase compared to the previous year and reaffirming the company's efficiency in utilizing its assets to generate revenue.
Overall, the trend in the total asset turnover ratio for Norwegian Cruise Line Holdings Ltd indicates fluctuations in the company's ability to generate revenue from its total assets, with notable improvements in recent years. It is essential for the company to maintain or continue to improve this ratio to ensure optimal utilization of its asset base.
Peer comparison
Dec 31, 2024