Travel + Leisure Co (TNL)
Total 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 |
| Total assets | US$ in thousands | 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 | 7,453,000 | 7,563,000 | 7,466,000 | 7,370,000 |
| Total asset turnover | 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 | 0.54 | 0.51 | 0.51 | 0.51 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,750,000K ÷ $6,738,000K
= 0.56
Travel+Leisure Co's total asset turnover has remained relatively stable over the past eight quarters, fluctuating between 0.50 and 0.56. This metric indicates how efficiently the company is utilizing its assets to generate revenue. A total asset turnover of 0.56 in Q4 2023 suggests that for every dollar of total assets, Travel+Leisure Co generated $0.56 of revenue during that quarter.
While there was a slight decrease in total asset turnover in Q2 and Q4 of 2022, the company was able to maintain a consistent level of efficiency in utilizing its assets throughout 2023. This stability implies that Travel+Leisure Co has been effectively managing its assets to generate revenue, which is a positive sign for investors and stakeholders.
Overall, the total asset turnover ratio of Travel+Leisure Co indicates a moderate level of efficiency in asset utilization, which is essential for the company's financial performance and long-term sustainability. However, further analysis and comparison with industry benchmarks may provide more insights into the company's operational efficiency and competitiveness in the market.
Peer comparison
Dec 31, 2023