Travel + Leisure Co (TNL)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,750,000 | 3,713,000 | 3,664,000 | 3,637,000 | 3,567,000 | 3,538,000 | 3,440,000 | 3,315,000 | 3,134,000 | 2,909,000 | 2,684,000 | 2,230,000 | 2,160,000 | 2,688,000 | 3,107,000 | 3,735,000 | 4,044,000 | 3,827,000 | 3,780,000 | 3,733,000 |
| Property, plant and equipment | US$ in thousands | 655,000 | 655,000 | 665,000 | 670,000 | 658,000 | 736,000 | 730,000 | 743,000 | 689,000 | 678,000 | 645,000 | 658,000 | 666,000 | 679,000 | 670,000 | 682,000 | 680,000 | 723,000 | 715,000 | 720,000 |
| Fixed asset turnover | 5.73 | 5.67 | 5.51 | 5.43 | 5.42 | 4.81 | 4.71 | 4.46 | 4.55 | 4.29 | 4.16 | 3.39 | 3.24 | 3.96 | 4.64 | 5.48 | 5.95 | 5.29 | 5.29 | 5.18 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,750,000K ÷ $655,000K
= 5.73
Travel+Leisure Co's fixed asset turnover has shown a consistent upward trend in recent quarters, indicating an improvement in the efficiency of utilizing its fixed assets to generate revenue. The company's fixed asset turnover ratio has increased steadily from 4.46 in Q1 2022 to 5.73 in Q4 2023. This suggests that Travel+Leisure Co has been able to generate more revenue per dollar of its fixed assets invested, reflecting strong asset utilization and operational efficiency. Overall, the increase in fixed asset turnover ratio over the quarters indicates that the company is effectively managing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023