Norwegian Cruise Line Holdings Ltd (NCLH)

Total 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
Total assets	US$ in thousands	19,969,800	19,786,000	20,113,800	19,825,200	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
Total asset turnover		0.47	0.47	0.45	0.45	0.44	0.42	0.38	0.33	0.26	0.20	0.12	0.06	0.03	0.01	0.00	0.00	0.07	0.16	0.27	0.38

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,479,660K ÷ $19,969,800K
= 0.47

The total asset turnover of Norwegian Cruise Line Holdings Ltd has shown fluctuations over the past few years. It decreased from 0.38 in March 2020 to a low of 0.00 in March 2021 and June 2021, indicating a decrease in the efficiency of utilizing assets to generate revenue. However, there was a gradual improvement in the total asset turnover ratio from September 2021 onwards, reaching 0.47 by December 2024. This suggests that the company has been able to generate more revenue from its assets in recent periods, reflecting improved operational efficiency. Overall, the trend indicates a positive trajectory in utilizing assets effectively to generate sales for the company.