Travel + Leisure Co (TNL)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,750,000 | 3,567,000 | 3,134,000 | 2,160,000 | 4,043,000 |
| Property, plant and equipment | US$ in thousands | 655,000 | 658,000 | 689,000 | 666,000 | 680,000 |
| Fixed asset turnover | 5.73 | 5.42 | 4.55 | 3.24 | 5.95 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,750,000K ÷ $655,000K
= 5.73
Travel+Leisure Co's fixed asset turnover has shown fluctuations over the past five years. The ratio has generally been on an upward trend, indicating that the company has been able to generate more revenue from its fixed assets in recent years. In 2023, the fixed asset turnover reached 5.73, representing an increase from the previous year. This suggests that Travel+Leisure Co has effectively utilized its fixed assets to generate sales, reflecting efficient asset management and potentially increased operational efficiency. However, it is important to note that fixed asset turnover can be influenced by factors such as industry trends and capital expenditure decisions. Overall, the improving trend in fixed asset turnover for Travel+Leisure Co is a positive indicator of the company's operational performance and efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2023