Travel + Leisure Co (TNL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,864,000 | 3,750,000 | 3,567,000 | 3,134,000 | 2,160,000 |
| Total assets | US$ in thousands | 6,735,000 | 6,738,000 | 6,757,000 | 6,588,000 | 7,613,000 |
| Total asset turnover | 0.57 | 0.56 | 0.53 | 0.48 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,864,000K ÷ $6,735,000K
= 0.57
Travel + Leisure Co's total asset turnover has been steadily increasing over the years, from 0.28 in December 31, 2020, to 0.57 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets. A higher total asset turnover ratio reflects an efficient use of assets to generate sales. The rising trend suggests an improvement in the company's asset management and operational efficiency. It also implies that Travel + Leisure Co is becoming more effective in utilizing its assets to drive revenue growth, which could lead to higher profitability in the future.
Peer comparison
Dec 31, 2024