Total Asset Turnover
since 2005
Calculation
Expedia Group Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.40 | = | 8,598) | ÷ | 21,548) |
| Dec 31, 2020 | 0.28 | = | 5,199) | ÷ | 18,690) |
| Dec 31, 2019 | 0.56 | = | 12,067) | ÷ | 21,416) |
| Dec 31, 2018 | 0.62 | = | 11,223) | ÷ | 18,033) |
| Dec 31, 2017 | 0.54 | = | 10,060) | ÷ | 18,516) |
| Dec 31, 2016 | 0.56 | = | 8,774) | ÷ | 15,778) |
| Dec 31, 2015 | 0.43 | = | 6,672) | ÷ | 15,504) |
| Dec 31, 2014 | 0.64 | = | 5,763) | ÷ | 9,021) |
| Dec 31, 2013 | 0.62 | = | 4,771) | ÷ | 7,739) |
| Dec 31, 2012 | 0.57 | = | 4,030) | ÷ | 7,085) |
| Dec 31, 2011 | 0.53 | = | 3,449) | ÷ | 6,505) |
| Dec 31, 2010 | 0.50 | = | 3,348) | ÷ | 6,651) |
| Dec 31, 2009 | 0.50 | = | 2,955) | ÷ | 5,937) |
| Dec 31, 2008 | 0.50 | = | 2,937) | ÷ | 5,894) |
| Dec 31, 2007 | 0.32 | = | 2,665) | ÷ | 8,295) |
| Dec 31, 2006 | 0.27 | = | 2,238) | ÷ | 8,269) |
| Dec 31, 2005 | 0.27 | = | 2,119) | ÷ | 7,757) |
Based on: 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 exhibits significant volatility over the period from 2005 to 2021, reflecting fluctuations in operational efficiency and the impact of major macroeconomic disruptions. While the long-term trajectory showed a general trend of improvement in asset productivity through 2018, the final years are characterized by a severe contraction followed by a partial recovery.
- Growth and Efficiency Optimization (2005–2014)
- A sustained upward trend in asset turnover is observed from 2005 to 2014, with the ratio rising from 0.27 to a peak of 0.64. This period was marked by revenue growth that consistently outpaced the expansion of the asset base. A significant increase in efficiency occurred in 2008, when the ratio jumped to 0.50, coinciding with a notable reduction in total assets, suggesting a period of asset optimization.
- Asset Expansion and Volatility (2015–2019)
- In 2015, a sharp decline in the ratio to 0.43 occurred, primarily driven by a substantial increase in total assets, which expanded from approximately 9 billion to 15.5 billion. Following this investment phase, the ratio recovered, reaching 0.62 in 2018 before moderating to 0.56 in 2019. This sequence indicates a pattern of significant capital investment followed by a gradual increase in the utilization of those assets to generate revenue.
- Contraction and Recovery (2020–2021)
- A drastic reduction in asset turnover to 0.28 is recorded in 2020, representing the lowest level of efficiency since 2006. This decline was a direct result of a severe collapse in revenue while total assets remained relatively high. A recovery to 0.40 is observed in 2021, reflecting a rebound in revenue and an improvement in asset productivity, although the ratio remained below the pre-pandemic efficiency levels observed between 2012 and 2019.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Expedia Group Inc., total asset turnover, long-term trends, comparison to competitors
| Expedia Group Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.40 | 1.12 | 1.87 | 1.92 | 1.04 |
| Dec 31, 2020 | 0.28 | 1.20 | 2.15 | 1.83 | 1.73 |
| Dec 31, 2019 | 0.56 | 1.25 | 2.46 | 2.07 | 2.72 |
| Dec 31, 2018 | 0.62 | 1.43 | 2.27 | 1.94 | 2.55 |
| Dec 31, 2017 | 0.54 | 1.35 | 2.20 | 1.89 | 2.58 |
| Dec 31, 2016 | 0.56 | 1.63 | 2.08 | 1.89 | 2.69 |
| Dec 31, 2015 | 0.43 | 1.64 | 2.08 | 1.77 | 2.61 |
| Dec 31, 2014 | 0.64 | 1.63 | 1.95 | 1.63 | 2.69 |
| Dec 31, 2013 | 0.62 | 1.85 | 1.82 | 1.55 | 2.72 |
| Dec 31, 2012 | 0.57 | 1.88 | 1.74 | 1.50 | 2.80 |
| Dec 31, 2011 | 0.53 | 1.90 | 1.69 | 1.45 | 2.75 |
| Dec 31, 2010 | 0.50 | 1.82 | 1.62 | 1.43 | 2.72 |
| Dec 31, 2009 | 0.50 | 1.77 | 1.73 | 1.48 | 3.08 |
| Dec 31, 2008 | 0.50 | 2.31 | 1.75 | 1.56 | 2.83 |
| Dec 31, 2007 | 0.32 | 2.29 | 1.74 | 1.69 | 2.86 |
| Dec 31, 2006 | 0.27 | 2.45 | 1.83 | 1.75 | 2.92 |
| Dec 31, 2005 | 0.27 | 2.30 | 1.88 | 1.72 | 2.94 |
Based on: 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 Discretionary Distribution & Retail)
Expedia Group Inc., total asset turnover, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Expedia Group Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2021 | 0.40 | 1.27 |
| Dec 31, 2020 | 0.28 | 1.40 |
| Dec 31, 2019 | 0.56 | 1.57 |
| Dec 31, 2018 | 0.62 | 1.71 |
| Dec 31, 2017 | 0.54 | 1.67 |
| Dec 31, 2016 | 0.56 | 1.86 |
| Dec 31, 2015 | 0.43 | 1.86 |
| Dec 31, 2014 | 0.64 | 1.80 |
| Dec 31, 2013 | 0.62 | 1.83 |
| Dec 31, 2012 | 0.57 | 1.78 |
| Dec 31, 2011 | 0.53 | 1.74 |
| Dec 31, 2010 | 0.50 | 1.68 |
| Dec 31, 2009 | 0.50 | 1.74 |
| Dec 31, 2008 | 0.50 | 1.81 |
| Dec 31, 2007 | 0.32 | 1.84 |
| Dec 31, 2006 | 0.27 | 1.92 |
| Dec 31, 2005 | 0.27 | 1.93 |
Based on: 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 Industry (Consumer Discretionary)
Expedia Group Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Expedia Group Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2021 | 0.40 | 0.88 |
| Dec 31, 2020 | 0.28 | 0.84 |
| Dec 31, 2019 | 0.56 | 0.94 |
| Dec 31, 2018 | 0.62 | 0.96 |
| Dec 31, 2017 | 0.54 | 0.93 |
| Dec 31, 2016 | 0.56 | 0.96 |
| Dec 31, 2015 | 0.43 | 0.98 |
| Dec 31, 2014 | 0.64 | 1.02 |
| Dec 31, 2013 | 0.62 | 1.04 |
| Dec 31, 2012 | 0.57 | 1.06 |
| Dec 31, 2011 | 0.53 | 1.08 |
| Dec 31, 2010 | 0.50 | 1.04 |
| Dec 31, 2009 | 0.50 | 0.94 |
| Dec 31, 2008 | 0.50 | 0.96 |
| Dec 31, 2007 | 0.32 | 0.88 |
| Dec 31, 2006 | 0.27 | 0.82 |
| Dec 31, 2005 | 0.27 | 0.85 |
Based on: 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).