TripAdvisor Inc (TRIP)
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 | 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 |
| Total assets | US$ in thousands | 2,537,000 | 2,636,000 | 2,734,000 | 2,684,000 | 2,569,000 | 2,565,000 | 2,612,000 | 2,372,000 | 2,289,000 | 2,312,000 | 2,387,000 | 2,232,000 | 1,969,000 | 1,996,000 | 2,249,000 | 2,427,000 | 1,984,000 | 2,468,000 | 2,566,000 | 2,395,000 |
| Total asset turnover | 0.69 | 0.65 | 0.60 | 0.58 | 0.56 | 0.52 | 0.45 | 0.42 | 0.38 | 0.32 | 0.24 | 0.18 | 0.29 | 0.40 | 0.48 | 0.60 | 0.78 | 0.64 | 0.62 | 0.67 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,744,000K ÷ $2,537,000K
= 0.69
TripAdvisor Inc.'s total asset turnover has shown a generally increasing trend over the past eight quarters, reaching 0.70 in Q4 2023, the highest level during this period. This ratio indicates the company's ability to generate revenue relative to its total assets, with higher values generally viewed more positively. The gradual improvement in the total asset turnover suggests that TripAdvisor has been effectively utilizing its assets to generate revenue. This trend may indicate improved operational efficiency and asset utilization, which could potentially lead to stronger financial performance in the future. Monitoring this ratio in upcoming quarters will be crucial to assess the sustainability of this positive trend.
Peer comparison
Dec 31, 2023