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Hilton Worldwide Holdings Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Selected Financial Data since 2013
- Debt to Equity since 2013
- Price to Earnings (P/E) since 2013
- Price to Sales (P/S) since 2013
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Calculation
Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
---|---|---|---|---|---|
Dec 31, 2023 | = | ÷ | |||
Dec 31, 2022 | = | ÷ | |||
Dec 31, 2021 | = | ÷ | |||
Dec 31, 2020 | = | ÷ | |||
Dec 31, 2019 | = | ÷ | |||
Dec 31, 2018 | = | ÷ | |||
Dec 31, 2017 | = | ÷ | |||
Dec 31, 2016 | = | ÷ | |||
Dec 31, 2015 | = | ÷ | |||
Dec 31, 2014 | = | ÷ | |||
Dec 31, 2013 | = | ÷ |
Based on: 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).
1 US$ in millions
The financial data reveals several notable trends over the analyzed period. Revenues exhibited a general upward trajectory from 2013 through 2016, peaking at 11,663 million US dollars in 2016. However, a significant decline occurred in 2017 and 2018, with revenues dropping to 9,140 million and 8,906 million respectively. This downward trend intensified in 2020, reaching a minimum of 4,307 million, likely reflecting the impact of external adverse events. Following this trough, revenues demonstrated a recovery phase, increasing steadily to 10,235 million by 2023.
Total assets show a different pattern. From 2013 to 2016, total assets hovered slightly above the 26,000 million mark, with minor fluctuations. A sharp decrease is observed in 2017 and 2018, stabilizing around 14,000 million, which represents a substantial contraction. Post-2018, total assets experienced a slow but steady increase, reaching approximately 15,400 million by 2023, though they remained significantly below the earlier peak levels.
The total asset turnover ratio provides insights into the efficiency of asset utilization relative to revenue generation. The ratio improved from 0.37 in 2013 to 0.44 in 2015 and 2016, indicating enhanced operational efficiency. A notable increase to 0.64 occurred in 2017 and 2018, sustained through 2019. However, 2020 saw a sharp decline to 0.26, coinciding with the lowest revenue figures, reflecting reduced asset utilization efficiency during this period. Subsequently, the ratio improved markedly, reaching 0.66 in 2023, suggesting a recovery in operational performance and more effective use of assets to generate revenue.
Collectively, the data indicates a period of growth and solid operational efficiency up to 2016, followed by a marked contraction in both revenue and total assets beginning in 2017. The pronounced downturn in 2020 highlights a severe operational challenge, after which gradual recovery is evident through increased revenues and improved asset turnover ratios. The recovery in asset utilization efficiency surpassing previous levels by 2023 suggests operational adjustments and a potentially more optimized asset base despite the reduced total asset size compared to the earlier period.
Comparison to Competitors
Hilton Worldwide Holdings Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
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Based on: 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).
Comparison to Sector (Consumer Services)
Hilton Worldwide Holdings Inc., total asset turnover, long-term trends, comparison to sector (consumer services)
Hilton Worldwide Holdings Inc. | Consumer Services | |
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Dec 31, 2023 | ||
Dec 31, 2022 | ||
Dec 31, 2021 | ||
Dec 31, 2020 | ||
Dec 31, 2019 | ||
Dec 31, 2018 | ||
Dec 31, 2017 | ||
Dec 31, 2016 | ||
Dec 31, 2015 | ||
Dec 31, 2014 | ||
Dec 31, 2013 |
Based on: 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).
Comparison to Industry (Consumer Discretionary)
Hilton Worldwide Holdings Inc., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
Hilton Worldwide Holdings Inc. | Consumer Discretionary | |
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Dec 31, 2023 | ||
Dec 31, 2022 | ||
Dec 31, 2021 | ||
Dec 31, 2020 | ||
Dec 31, 2019 | ||
Dec 31, 2018 | ||
Dec 31, 2017 | ||
Dec 31, 2016 | ||
Dec 31, 2015 | ||
Dec 31, 2014 | ||
Dec 31, 2013 |
Based on: 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).