Wyndham Hotels & Resorts Inc (WH)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,397,000 | 1,498,000 | 1,565,000 | 1,300,000 | 2,053,000 |
| Property, plant and equipment | US$ in thousands | 88,000 | 99,000 | 106,000 | 278,000 | 307,000 |
| Fixed asset turnover | 15.88 | 15.13 | 14.76 | 4.68 | 6.69 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,397,000K ÷ $88,000K
= 15.88
Wyndham Hotels & Resorts Inc's fixed asset turnover has shown a consistent upward trend from 2019 to 2023. The ratio has increased steadily from 6.69 in 2019 to 15.88 in 2023. This improvement indicates that the company is generating more revenue relative to its investment in fixed assets over the years.
A high fixed asset turnover ratio suggests that Wyndham Hotels & Resorts Inc is efficiently utilizing its fixed assets to generate sales. The company is effectively managing and leveraging its property, plant, and equipment to generate revenue. This efficiency can result in improved profitability and return on investment for the company.
Overall, the trend in fixed asset turnover ratio for Wyndham Hotels & Resorts Inc reflects a positive operational performance and effective management of its fixed assets over the years.
Peer comparison
Dec 31, 2023