TripAdvisor Inc (TRIP)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,744,000 | 1,452,000 | 858,000 | 568,000 | 1,554,000 |
| Property, plant and equipment | US$ in thousands | 191,000 | 194,000 | 215,000 | 240,000 | 270,000 |
| Fixed asset turnover | 9.13 | 7.48 | 3.99 | 2.37 | 5.76 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,744,000K ÷ $191,000K
= 9.13
TripAdvisor Inc.'s fixed asset turnover has exhibited a strong increasing trend over the past five years, reflecting the company's efficiency in generating revenue from its fixed assets. The ratio has substantially improved from 2.52 in 2020 to 9.36 in 2023, indicating that the company is utilizing its fixed assets more effectively to generate sales. This improvement suggests potential operational efficiency gains, better asset utilization, or strategic initiatives that have positively impacted the company's revenue generation relative to its investment in fixed assets. Overall, the increasing trend in fixed asset turnover for TripAdvisor Inc. is a positive indicator of the company's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023