Viad Corp (VVI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,206,610 | 1,135,550 | 488,274 | 412,106 | 1,358,970 |
| Total assets | US$ in thousands | 1,137,320 | 1,090,350 | 1,037,630 | 853,224 | 1,318,690 |
| Total asset turnover | 1.06 | 1.04 | 0.47 | 0.48 | 1.03 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,206,610K ÷ $1,137,320K
= 1.06
The total asset turnover ratio for Viad Corp. has shown fluctuations over the past five years. In 2023, the total asset turnover ratio increased to 1.09, indicating that the company generated $1.09 in revenue for every dollar of total assets. This improvement suggests increased efficiency in utilizing its assets to generate sales compared to the previous year.
In 2022, the total asset turnover was 1.03, demonstrating a relatively strong performance in asset utilization. However, there was a significant drop in 2021 and 2020, with the ratio at 0.49 in both years, suggesting challenges in efficiently generating revenue from its assets during those periods.
The total asset turnover rebounded to 1.04 in 2019, indicating a recovery in asset utilization efficiency compared to the previous two years. Overall, the company's total asset turnover has shown a mix of strengths and weaknesses over the years, with variations in its ability to generate revenue relative to its total asset base.
Peer comparison
Dec 31, 2023