TripAdvisor Inc (TRIP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,835,000 | 1,788,000 | 1,492,000 | 902,000 | 604,000 |
| Property, plant and equipment | US$ in thousands | — | — | 194,000 | 257,000 | 240,000 |
| Fixed asset turnover | — | — | 7.69 | 3.51 | 2.52 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,835,000K ÷ $—K
= —
The fixed asset turnover ratio for TripAdvisor Inc has shown a positive trend over the years, indicating an improvement in the efficiency of utilizing its fixed assets to generate sales.
In December 31, 2020, the fixed asset turnover ratio was 2.52, which means that for every dollar invested in fixed assets, the company generated $2.52 in sales. This ratio increased to 3.51 by December 31, 2021, showing that the company was able to generate more revenue for each dollar of fixed assets.
By December 31, 2022, the fixed asset turnover ratio saw a significant jump to 7.69, showcasing a substantial enhancement in asset utilization efficiency. This steep increase suggests that TripAdvisor Inc became more effective in generating sales with its existing fixed assets or made strategic investments in fixed assets that contributed significantly to revenue generation.
However, data for December 31, 2023, and December 31, 2024, is not available (denoted by '—'), which makes it challenging to assess the company's fixed asset turnover for those years. It is important for the company to provide complete and updated financial data for a more comprehensive analysis of its fixed asset turnover performance over time.
Overall, the upward trend in the fixed asset turnover ratio for the available years reflects positively on TripAdvisor Inc's ability to efficiently utilize its fixed assets to drive sales growth.
Peer comparison
Dec 31, 2024