Royal Caribbean Cruises Ltd (RCL)

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	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
Total assets	US$ in thousands	37,070,000	37,067,000	36,974,000	35,190,000	35,131,000	32,768,700	32,923,300	32,870,500	33,776,400	33,464,200	33,943,200	32,940,000	32,258,400	32,665,600	33,692,000	34,347,100	32,465,200	31,828,800	33,306,500	33,445,100
Total asset turnover		0.44	0.43	0.41	0.42	0.40	0.40	0.36	0.32	0.26	0.22	0.14	0.08	0.05	0.02	0.00	0.01	0.07	0.15	0.24	0.32

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,485,000K ÷ $37,070,000K
= 0.44

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.

Based on the data provided for Royal Caribbean Cruises Ltd, the total asset turnover has fluctuated over the quarters. It decreased from 0.32 on March 31, 2020, to a low of 0.00 on June 30, 2021, and then gradually increased to 0.44 by December 31, 2024.

The declining trend from 2020 to 2021 could indicate a decrease in the company's efficiency in generating sales from its assets. However, the subsequent increasing trend from 2021 to 2024 suggests that the company has been able to improve its asset utilization over time.

Overall, the analysis of Royal Caribbean Cruises Ltd's total asset turnover indicates fluctuations in efficiency in utilizing assets to generate revenue, with a general upward trend from 2021 to 2024.