TripAdvisor Inc (TRIP)
Fixed 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 | 1,744,000 | 1,712,000 | 1,638,000 | 1,561,000 | 1,451,000 | 1,337,000 | 1,180,000 | 998,000 | 860,000 | 731,000 | 578,000 | 402,000 | 566,000 | 797,000 | 1,086,000 | 1,459,000 | 1,557,000 | 1,568,000 | 1,599,000 | 1,611,000 |
| Property, plant and equipment | US$ in thousands | 191,000 | 193,000 | 194,000 | 194,000 | 194,000 | 195,000 | 201,000 | 209,000 | 215,000 | 220,000 | 225,000 | 229,000 | 240,000 | 250,000 | 259,000 | 268,000 | 270,000 | 265,000 | 262,000 | 257,000 |
| Fixed asset turnover | 9.13 | 8.87 | 8.44 | 8.05 | 7.48 | 6.86 | 5.87 | 4.78 | 4.00 | 3.32 | 2.57 | 1.76 | 2.36 | 3.19 | 4.19 | 5.44 | 5.77 | 5.92 | 6.10 | 6.27 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,744,000K ÷ $191,000K
= 9.13
TripAdvisor Inc.'s fixed asset turnover ratio has shown a consistent upward trend over the past eight quarters, reflecting the company's increasing efficiency in generating revenue from its fixed assets. The ratio has increased from 4.98 in Q1 2022 to 9.36 in Q4 2023, indicating a significant improvement in utilizing its fixed assets to generate sales. This upward trend suggests that TripAdvisor has been able to maximize the productivity and efficiency of its fixed assets over time, leading to higher turnover and potentially improved financial performance. The company's ability to generate more revenue relative to its investment in fixed assets is a positive indicator of operational efficiency and effective asset management.
Peer comparison
Dec 31, 2023