Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

Booking Holdings Inc., total asset turnover, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The total asset turnover ratio for the period examined demonstrates considerable fluctuation. Initially, the ratio exhibited volatility, followed by a period of relative stability, and then a significant disruption before a partial recovery. A general observation is that the company’s efficiency in generating revenue from its assets has varied considerably over the analyzed timeframe.

Initial Period (2005-2008)
From 2005 to 2008, the ratio began at 1.28 and decreased to 1.02, then increased to 1.40. This suggests an initial decline in asset utilization, followed by improved efficiency in converting assets into revenue. The increase in 2008 could be attributed to increased revenue relative to the asset base.
Period of Decline (2009-2015)
The period from 2009 to 2015 shows a consistent downward trend in the total asset turnover ratio, decreasing from 1.27 to 0.53. This indicates a decreasing ability to generate sales from the company’s asset base. The decline may be due to increased investment in assets without a corresponding increase in revenue, or potentially slower revenue growth. The lowest point of 0.53 in 2015 represents the least efficient asset utilization within the observed period.
Partial Recovery & Recent Trends (2016-2025)
From 2016 to 2019, the ratio experienced a modest recovery, increasing from 0.54 to 0.70. However, 2020 saw a dramatic drop to 0.31, likely influenced by the impact of external factors on revenue. A subsequent increase to 0.67 in 2021 and further to 0.88 in 2022 suggests a recovery in asset utilization as revenues rebounded. The ratio remained relatively stable at 0.86 in 2023 and increased slightly to 0.92 in 2025, indicating a sustained, though not complete, return to more efficient asset management.

The substantial decrease in 2020 warrants further investigation to understand the specific factors contributing to the significant reduction in revenue generation per dollar of assets. The recent upward trend from 2021 onwards suggests a positive response to changing conditions, but continued monitoring is necessary to assess the sustainability of this improvement.


Comparison to Competitors

Booking Holdings Inc., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Consumer Services)


Comparison to Industry (Consumer Discretionary)

Booking Holdings Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).