Sabre Corpo (SABR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,351,280 | 2,237,310 | 1,417,990 | 1,077,380 | 3,818,600 |
| Total assets | US$ in thousands | 4,672,190 | 4,962,880 | 5,291,330 | 6,077,720 | 5,689,960 |
| Total asset turnover | 0.50 | 0.45 | 0.27 | 0.18 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,351,280K ÷ $4,672,190K
= 0.50
Sabre Corp's total asset turnover has fluctuated over the past five years. The ratio measures how efficiently the company is using its assets to generate revenue.
In 2023, the total asset turnover ratio stood at 0.62, indicating that Sabre Corp generated $0.62 in revenue for every $1 of assets. This represents an improvement from the previous year, suggesting increased efficiency in asset utilization.
Comparing to 2021 and 2020, the total asset turnover ratios were significantly lower at 0.32 and 0.22, respectively. These lower ratios may indicate that the company was less efficient in utilizing its assets to generate revenue during those years.
In 2019, the total asset turnover ratio was relatively high at 0.70, suggesting that Sabre Corp was using its assets efficiently to generate revenue that year.
Overall, the trend in total asset turnover indicates fluctuations in efficiency in utilizing assets to generate revenue. It is essential for Sabre Corp to continue monitoring and improving this ratio to optimize its asset utilization and financial performance.
Peer comparison
Dec 31, 2023