Norwegian Cruise Line Holdings Ltd (NCLH)

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	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
Total assets	US$ in thousands	19,493,000	19,251,800	18,648,200	18,350,700	18,557,700	18,950,900	19,113,200	19,255,500	18,729,800	18,730,000	18,526,600	18,973,800	18,399,300	17,402,000	17,528,100	16,462,500	16,684,600	15,938,900	15,966,000	15,761,100
Total asset turnover		0.40	0.38	0.34	0.28	0.20	0.18	0.10	0.05	0.03	0.01	0.00	0.00	0.07	0.16	0.27	0.38	0.39	0.40	0.39	0.39

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,787,490K ÷ $19,493,000K
= 0.40

Norwegian Cruise Line Holdings Ltd's total asset turnover has been gradually increasing over the past eight quarters, from 0.06 in Q1 2022 to 0.44 in Q4 2023. This indicates that the company has been more efficient in generating sales revenue relative to its total assets during this period.

A higher total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue. Improvements in this ratio may indicate enhanced operational efficiency, better inventory management, or increased sales.

Overall, Norwegian Cruise Line Holdings Ltd's increasing total asset turnover trend is a positive indicator of the company's ability to efficiently utilize its assets to drive revenue growth.