Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Booking Holdings Inc., asset turnover by geographic area

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 19.26 18.32 15.42 8.19 4.21
The Netherlands 45.93 35.74 30.18 17.15 10.55
Other 6.46 4.62 4.31 2.58 2.06

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
The Netherlands The Netherlands area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Other Other area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: United States

Booking Holdings Inc.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 2,485 2,327 2,205 1,434 783
Property and equipment (excluding capitalized software) and operating lease assets 129 127 143 175 186
Area Activity Ratio
Area asset turnover1 19.26 18.32 15.42 8.19 4.21

Based on: 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).

1 2024 Calculation
Area asset turnover = Revenues ÷ Property and equipment (excluding capitalized software) and operating lease assets
= 2,485 ÷ 129 = 19.26

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: The Netherlands

Booking Holdings Inc.; The Netherlands; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 18,600 17,014 13,428 8,678 5,264
Property and equipment (excluding capitalized software) and operating lease assets 405 476 445 506 499
Area Activity Ratio
Area asset turnover1 45.93 35.74 30.18 17.15 10.55

Based on: 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).

1 2024 Calculation
Area asset turnover = Revenues ÷ Property and equipment (excluding capitalized software) and operating lease assets
= 18,600 ÷ 405 = 45.93

Area activity ratio Geographic area The company
Area asset turnover The Netherlands The Netherlands area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Area Asset Turnover: Other

Booking Holdings Inc.; Other; area asset turnover calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Revenues 2,654 2,024 1,457 846 749
Property and equipment (excluding capitalized software) and operating lease assets 411 438 338 328 363
Area Activity Ratio
Area asset turnover1 6.46 4.62 4.31 2.58 2.06

Based on: 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).

1 2024 Calculation
Area asset turnover = Revenues ÷ Property and equipment (excluding capitalized software) and operating lease assets
= 2,654 ÷ 411 = 6.46

Area activity ratio Geographic area The company
Area asset turnover Other Other area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Revenues

Booking Holdings Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 2,485 2,327 2,205 1,434 783
The Netherlands 18,600 17,014 13,428 8,678 5,264
Other 2,654 2,024 1,457 846 749
Outside of the U.S. 21,254 19,038 14,885 9,524 6,013
Total Company 23,739 21,365 17,090 10,958 6,796

Based on: 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).


Property and equipment (excluding capitalized software) and operating lease assets

Booking Holdings Inc., property and equipment (excluding capitalized software) and operating lease assets by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
United States 129 127 143 175 186
The Netherlands 405 476 445 506 499
Other 411 438 338 328 363
Outside of the U.S. 816 914 783 834 862
Total Company 945 1,041 926 1,009 1,048

Based on: 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).