Total Asset Turnover
since 2005
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Carnival Corp. & plc pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Return on Equity (ROE) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Calculation
Carnival Corp. & plc, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Nov 30, 2023 | = | ÷ | |||
| Nov 30, 2022 | = | ÷ | |||
| Nov 30, 2021 | = | ÷ | |||
| Nov 30, 2020 | = | ÷ | |||
| Nov 30, 2019 | = | ÷ | |||
| Nov 30, 2018 | = | ÷ | |||
| Nov 30, 2017 | = | ÷ | |||
| Nov 30, 2016 | = | ÷ | |||
| Nov 30, 2015 | = | ÷ | |||
| Nov 30, 2014 | = | ÷ | |||
| Nov 30, 2013 | = | ÷ | |||
| Nov 30, 2012 | = | ÷ | |||
| Nov 30, 2011 | = | ÷ | |||
| Nov 30, 2010 | = | ÷ | |||
| Nov 30, 2009 | = | ÷ | |||
| Nov 30, 2008 | = | ÷ | |||
| Nov 30, 2007 | = | ÷ | |||
| Nov 30, 2006 | = | ÷ | |||
| Nov 30, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
1 US$ in millions
- Revenues
- Revenues demonstrate an overall upward trend from 2005 through 2019, increasing from approximately 11.1 billion USD to over 20.8 billion USD. This period reflects consistent growth with occasional fluctuations, such as a slight dip in 2009, likely due to broader economic factors. A pronounced decline occurs in 2020, where revenues drop sharply to 5.6 billion USD, reflecting a substantial disruption. This is followed by very low revenue in 2021 (1.9 billion USD), indicating continued adverse conditions. However, revenues recover in the subsequent years, rising to 12.2 billion USD in 2022 and further to 21.6 billion USD in 2023, surpassing pre-2020 levels.
- Total assets
- Total assets show steady growth from 28.4 billion USD in 2005 to a peak near 53.6 billion USD in 2020. This upward trajectory indicates ongoing asset accumulation or investment. Post-2020, total assets slightly decrease to around 51.7 billion USD in 2022 and further to 49.1 billion USD in 2023, marking a modest contraction following the peak. Despite this decline, the asset base remains considerably higher than in the earlier years.
- Total asset turnover ratio
- The total asset turnover ratio fluctuates moderately between 0.36 and 0.46 from 2005 through 2019, suggesting a relatively stable efficiency in generating revenue from assets. However, in 2020 and 2021, the ratio plummets dramatically to 0.1 and 0.04 respectively, reflecting diminished revenue generation efficiency during those years relative to asset levels. Recovery is evident afterward, with the ratio improving to 0.24 in 2022 and reaching 0.44 in 2023, nearing pre-disruption efficiency levels.
- Overall observations
- Between 2005 and 2019, the data reveals consistent revenue growth supported by a steadily increasing asset base and stable asset turnover ratios indicative of efficient asset utilization. The sharp declines in revenue and asset turnover in 2020 and 2021 coincide with an unprecedented event significantly impacting operations. Despite sustained high asset values, revenue generation efficiency was heavily impaired during this period. The subsequent recovery in both revenues and asset turnover ratio through 2022 and 2023 reflects a return toward normal operational conditions and improved utilization of assets, although total assets show a slight downward adjustment after their peak.
Comparison to Competitors
Carnival Corp. & plc, total asset turnover, long-term trends, comparison to competitors
| Carnival Corp. & plc | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | DoorDash, Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|---|
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Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Sector (Consumer Services)
Carnival Corp. & plc, total asset turnover, long-term trends, comparison to sector (consumer services)
| Carnival Corp. & plc | Consumer Services | |
|---|---|---|
| Nov 30, 2023 | ||
| Nov 30, 2022 | ||
| Nov 30, 2021 | ||
| Nov 30, 2020 | ||
| Nov 30, 2019 | ||
| Nov 30, 2018 | ||
| Nov 30, 2017 | ||
| Nov 30, 2016 | ||
| Nov 30, 2015 | ||
| Nov 30, 2014 | ||
| Nov 30, 2013 | ||
| Nov 30, 2012 | ||
| Nov 30, 2011 | ||
| Nov 30, 2010 | ||
| Nov 30, 2009 | ||
| Nov 30, 2008 | ||
| Nov 30, 2007 | ||
| Nov 30, 2006 | ||
| Nov 30, 2005 |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).
Comparison to Industry (Consumer Discretionary)
Carnival Corp. & plc, total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| Carnival Corp. & plc | Consumer Discretionary | |
|---|---|---|
| Nov 30, 2023 | ||
| Nov 30, 2022 | ||
| Nov 30, 2021 | ||
| Nov 30, 2020 | ||
| Nov 30, 2019 | ||
| Nov 30, 2018 | ||
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| Nov 30, 2015 | ||
| Nov 30, 2014 | ||
| Nov 30, 2013 | ||
| Nov 30, 2012 | ||
| Nov 30, 2011 | ||
| Nov 30, 2010 | ||
| Nov 30, 2009 | ||
| Nov 30, 2008 | ||
| Nov 30, 2007 | ||
| Nov 30, 2006 | ||
| Nov 30, 2005 |
Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-11-30), 10-K (reporting date: 2016-11-30), 10-K (reporting date: 2015-11-30), 10-K (reporting date: 2014-11-30), 10-K (reporting date: 2013-11-30), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-11-30), 10-K (reporting date: 2010-11-30), 10-K (reporting date: 2009-11-30), 10-K (reporting date: 2008-11-30), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-11-30), 10-K (reporting date: 2005-11-30).