Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel LibreOffice Calc

Long-term Activity Ratios (Summary)

Booking Holdings Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net fixed asset turnover 8.99 20.41 22.14 26.41 30.96
Net fixed asset turnover (including operating lease, right-of-use asset) 5.29 11.09 22.14 26.41 30.96
Total asset turnover 0.31 0.70 0.64 0.50 0.54
Equity turnover 1.39 2.54 1.65 1.13 1.09

Based on: 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Booking Holdings Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Booking Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Booking Holdings Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Booking Holdings Inc. equity turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Net Fixed Asset Turnover

Booking Holdings Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Revenues 6,796  15,066  14,527  12,681  10,743 
Property and equipment, net 756  738  656  480  347 
Long-term Activity Ratio
Net fixed asset turnover1 8.99 20.41 22.14 26.41 30.96
Benchmarks
Net Fixed Asset Turnover, Competitors2
Amazon.com Inc. 3.41 3.86 3.77 3.64 4.67
Home Depot Inc. 4.84 4.84 4.57 4.32 3.99
Lowe’s Cos. Inc. 3.86 3.87 3.48 3.26 3.02
Target Corp. 2.93 2.92 2.87 2.82 2.93
TJX Cos. Inc. 7.83 7.42 7.16 7.32 7.48
Net Fixed Asset Turnover, Sector
Retailing 3.71 4.06 3.91 3.76 3.97
Net Fixed Asset Turnover, Industry
Consumer Discretionary 3.32 3.63 3.58 3.53 3.84

Based on: 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).

1 2020 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 6,796 ÷ 756 = 8.99

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Booking Holdings Inc. net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Booking Holdings Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Revenues 6,796  15,066  14,527  12,681  10,743 
 
Property and equipment, net 756  738  656  480  347 
Operating lease assets 529  620  —  —  — 
Property and equipment, net (including operating lease, right-of-use asset) 1,285  1,358  656  480  347 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 5.29 11.09 22.14 26.41 30.96
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Amazon.com Inc. 2.56 2.87 3.77 3.64 4.67
Home Depot Inc. 3.89 4.84 4.57 4.32 3.99
Lowe’s Cos. Inc. 3.20 3.87 3.48 3.26 3.02
Target Corp. 2.70 2.71 2.87 2.82 2.93
TJX Cos. Inc. 2.90 7.42 7.16 7.32 7.48
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Retailing 2.82 3.41 3.91 3.76 3.97
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Discretionary 2.59 3.11 3.58 3.53 3.84

Based on: 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).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 6,796 ÷ 1,285 = 5.29

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Booking Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.

Total Asset Turnover

Booking Holdings Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Revenues 6,796  15,066  14,527  12,681  10,743 
Total assets 21,874  21,402  22,687  25,451  19,839 
Long-term Activity Ratio
Total asset turnover1 0.31 0.70 0.64 0.50 0.54
Benchmarks
Total Asset Turnover, Competitors2
Amazon.com Inc. 1.20 1.25 1.43 1.35 1.63
Home Depot Inc. 2.15 2.46 2.27 2.20 2.08
Lowe’s Cos. Inc. 1.83 2.07 1.94 1.89 1.89
Target Corp. 1.80 1.80 1.84 1.86 1.83
TJX Cos. Inc. 1.73 2.72 2.55 2.58 2.69
Total Asset Turnover, Sector
Retailing 1.39 1.55 1.65 1.59 1.74
Total Asset Turnover, Industry
Consumer Discretionary 0.88 0.97 1.00 0.96 1.01

Based on: 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).

1 2020 Calculation
Total asset turnover = Revenues ÷ Total assets
= 6,796 ÷ 21,874 = 0.31

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Booking Holdings Inc. total asset turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Equity Turnover

Booking Holdings Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Revenues 6,796  15,066  14,527  12,681  10,743 
Stockholders’ equity 4,893  5,933  8,785  11,261  9,820 
Long-term Activity Ratio
Equity turnover1 1.39 2.54 1.65 1.13 1.09
Benchmarks
Equity Turnover, Competitors2
Amazon.com Inc. 4.13 4.52 5.35 6.42 7.05
Home Depot Inc. 69.40 21.83 14.02
Lowe’s Cos. Inc. 36.59 19.57 11.68 10.11 7.72
Target Corp. 6.52 6.59 6.14 6.34 5.69
TJX Cos. Inc. 7.01 7.72 6.97 7.36 7.18
Equity Turnover, Sector
Retailing 6.04 6.83 6.86 6.95 6.61
Equity Turnover, Industry
Consumer Discretionary 5.02 5.95 5.65 5.35 5.08

Based on: 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).

1 2020 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 6,796 ÷ 4,893 = 1.39

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Booking Holdings Inc. equity turnover ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.