Wyndham Hotels & Resorts Inc (WH)
Total 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 |
| Total assets | US$ in thousands | 4,033,000 | 4,123,000 | 4,269,000 | 4,644,000 | 4,533,000 |
| Total asset turnover | 0.35 | 0.36 | 0.37 | 0.28 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,397,000K ÷ $4,033,000K
= 0.35
Wyndham Hotels & Resorts Inc's total asset turnover has shown fluctuations over the past five years. The ratio was 0.35 in 2023, slightly lower than the previous year. This indicates that for every dollar of assets owned by the company, it generated $0.35 in revenue. The trend has been relatively stable above 0.28, except for a significant drop in 2020 when it hit 0.28. In general, a higher total asset turnover ratio indicates that the company is more efficient in generating revenue from its assets. It is essential to monitor this ratio to assess the company's ability to utilize its assets effectively in generating sales.
Peer comparison
Dec 31, 2023