Viad Corp (VVI)

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	1,206,572	1,201,986	1,217,882	1,230,247	1,145,072	1,059,757	873,248	597,613	488,124	334,814	168,297	138,328	407,336	702,063	1,003,473	1,377,118	1,358,273	1,338,442	1,335,023	1,297,024
Total assets	US$ in thousands	1,137,320	1,200,540	1,152,770	1,104,280	1,090,350	39,646	1,141,160	1,059,550	1,037,630	1,057,560	944,476	904,655	853,224	869,092	998,464	1,247,460	1,318,690	1,286,370	1,222,180	1,044,610
Total asset turnover		1.06	1.00	1.06	1.11	1.05	26.73	0.77	0.56	0.47	0.32	0.18	0.15	0.48	0.81	1.01	1.10	1.03	1.04	1.09	1.24

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,206,572K ÷ $1,137,320K
= 1.06

Over the past eight quarters, Viad Corp.'s total asset turnover ratio has fluctuated. The ratio ranged from a low of 0.62 in Q1 2022 to a high of 1.10 in Q1 2023. The increasing trend in the total asset turnover ratio from Q1 2022 to Q1 2023 suggests that Viad Corp. has been more efficient in generating sales revenue relative to its total assets during this period. A total asset turnover ratio above 1 indicates that the company is generating more revenue per dollar of assets employed. This improvement over the quarters reflects positively on Viad Corp.'s operational efficiency and management of its assets. It suggests that the company has been utilizing its assets more effectively to drive sales and generate revenue.