Royal Caribbean Cruises Ltd (RCL)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	16,484,000	13,900,000	8,840,540	1,532,130	2,208,800
Property, plant and equipment	US$ in thousands	—	—	28,084,000	26,450,100	25,246,600
Fixed asset turnover		—	—	0.31	0.06	0.09

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,484,000K ÷ $—K
= —

The fixed asset turnover ratio for Royal Caribbean Cruises Ltd has shown some fluctuations over the years. In December 2020, the ratio was 0.09, indicating that the company generated $0.09 in revenue for every $1 invested in fixed assets. In December 2021, the ratio decreased to 0.06, suggesting a lower efficiency in utilizing fixed assets to generate revenue.

However, there was a significant improvement in December 2022, with the fixed asset turnover ratio increasing to 0.31. This indicates that the company was able to generate more revenue per dollar of fixed assets invested, reflecting improved asset utilization efficiency.

Unfortunately, the data for December 31, 2023, and December 31, 2024, is not provided, making it difficult to assess the trend beyond 2022. It is important for the company to maintain or improve its fixed asset turnover ratio to ensure optimal utilization of fixed assets and improve overall financial performance.