Travel + Leisure Co (TNL)
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 | 3,865,000 | 3,830,000 | 3,823,000 | 3,787,000 | 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 |
| Total assets | US$ in thousands | 6,735,000 | 6,698,000 | 6,693,000 | 7,023,000 | 6,738,000 | 6,655,000 | 6,602,000 | 6,477,000 | 6,757,000 | 6,380,000 | 6,477,000 | 6,600,000 | 6,588,000 | 6,601,000 | 6,639,000 | 6,728,000 | 7,613,000 | 7,822,000 | 7,597,000 | 7,776,000 |
| Total asset turnover | 0.57 | 0.57 | 0.57 | 0.54 | 0.56 | 0.56 | 0.55 | 0.56 | 0.53 | 0.55 | 0.53 | 0.50 | 0.48 | 0.44 | 0.40 | 0.33 | 0.28 | 0.34 | 0.41 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,865,000K ÷ $6,735,000K
= 0.57
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.
For Travel + Leisure Co, the total asset turnover has shown a fluctuating trend over the period provided. It decreased from 0.48 in March 2020 to a low of 0.28 in December 2020, indicating a decline in revenue generated per dollar of assets during that period. From March 2021 onwards, there was a gradual improvement in the total asset turnover ratio, reaching 0.57 by December 2024.
The increase in total asset turnover suggests that Travel + Leisure Co has been able to effectively utilize its assets to drive revenue growth over the years. The consistent improvement in this ratio signifies an enhancement in efficiency and productivity within the company's operations, reflecting positively on its overall financial performance and sustainability.
Peer comparison
Dec 31, 2024