Royal Caribbean Cruises Ltd (RCL)

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	16,485,000	16,055,000	15,329,450	14,742,430	13,899,580	13,172,570	12,005,200	10,666,460	8,840,540	7,218,797	4,682,675	2,549,349	1,532,133	584,025	93,379	218,070	2,208,806	4,692,077	7,912,615	10,543,640
Property, plant and equipment	US$ in thousands	—	—	—	—	—	28,384,300	28,487,500	27,987,500	28,084,000	28,247,700	28,125,900	27,476,400	26,450,100	26,259,900	26,432,400	25,794,800	25,246,600	25,362,500	26,257,100	25,857,200
Fixed asset turnover		—	—	—	—	—	0.46	0.42	0.38	0.31	0.26	0.17	0.09	0.06	0.02	0.00	0.01	0.09	0.19	0.30	0.41

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,485,000K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its investment in fixed assets. For Royal Caribbean Cruises Ltd, the fixed asset turnover has fluctuated over the past few years. The ratio was at its highest point at 0.46 in September 30, 2023, indicating that the company generated $0.46 in revenue for every dollar invested in fixed assets at that time.

However, the ratio has been declining since then, reaching 0.31 in December 31, 2022. This may suggest that the company's efficiency in utilizing its fixed assets to generate revenue has decreased. The trend continued with a slight increase to 0.38 in March 31, 2023, before reaching 0.42 in June 30, 2023.

For the most recent periods, the fixed asset turnover has remained constant at 0.42 in June 30, 2023 and 0.46 in September 30, 2023. However, data is missing for the periods beyond December 31, 2023, making it challenging to assess the company's current fixed asset turnover performance.

Overall, fluctuations in Royal Caribbean Cruises Ltd's fixed asset turnover suggest the need for further analysis to understand the factors influencing the company's revenue generation from its fixed assets and to identify potential areas for improvement.