Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Hilton Worldwide Holdings Inc., long-term (investment) activity ratios
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).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Hilton Worldwide Holdings Inc. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| 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). | Hilton Worldwide Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Hilton Worldwide Holdings Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
Hilton Worldwide Holdings Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 10,235) | 8,773) | 5,788) | 4,307) | 9,452) | |
| Property and equipment, net | 382) | 280) | 305) | 346) | 380) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 26.79 | 31.33 | 18.98 | 12.45 | 24.87 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Airbnb Inc. | 61.98 | 69.41 | 38.27 | 12.50 | — | |
| Booking Holdings Inc. | 27.25 | 25.55 | 13.33 | 8.99 | 20.41 | |
| Chipotle Mexican Grill Inc. | 4.55 | 4.43 | 4.27 | 3.78 | 3.83 | |
| McDonald’s Corp. | 0.95 | 0.92 | 0.94 | 0.77 | 0.87 | |
| Starbucks Corp. | 4.87 | 4.92 | 4.56 | 3.77 | 4.12 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Consumer Services | 2.76 | 2.59 | 2.27 | 1.74 | 2.08 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.50 | 3.47 | 3.31 | 3.37 | 3.71 | |
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).
1 2023 Calculation
Net fixed asset turnover = Revenues ÷ Property and equipment, net
= 10,235 ÷ 382 = 26.79
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. | Hilton Worldwide Holdings Inc. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Hilton Worldwide Holdings Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 10,235) | 8,773) | 5,788) | 4,307) | 9,452) | |
| Property and equipment, net | 382) | 280) | 305) | 346) | 380) | |
| Operating lease right-of-use assets | 618) | 662) | 694) | 772) | 867) | |
| Property and equipment, net (including operating lease, right-of-use asset) | 1,000) | 942) | 999) | 1,118) | 1,247) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 10.24 | 9.31 | 5.79 | 3.85 | 7.58 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Airbnb Inc. | 35.54 | 32.43 | 13.98 | 5.16 | — | |
| Booking Holdings Inc. | 14.35 | 13.01 | 8.31 | 5.29 | 11.09 | |
| Chipotle Mexican Grill Inc. | 1.72 | 1.64 | 1.54 | 1.38 | 1.41 | |
| McDonald’s Corp. | 0.66 | 0.64 | 0.61 | 0.50 | 0.56 | |
| Starbucks Corp. | 2.28 | 2.21 | 1.99 | 1.64 | 4.12 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Consumer Services | 1.66 | 1.55 | 1.29 | 0.99 | 1.39 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.68 | 2.66 | 2.51 | 2.57 | 3.13 | |
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).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property and equipment, net (including operating lease, right-of-use asset)
= 10,235 ÷ 1,000 = 10.24
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). | Hilton Worldwide Holdings Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023. |
Total Asset Turnover
Hilton Worldwide Holdings Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 10,235) | 8,773) | 5,788) | 4,307) | 9,452) | |
| Total assets | 15,401) | 15,512) | 15,441) | 16,755) | 14,957) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.66 | 0.57 | 0.37 | 0.26 | 0.63 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Airbnb Inc. | 0.48 | 0.52 | 0.44 | 0.32 | — | |
| Booking Holdings Inc. | 0.88 | 0.67 | 0.46 | 0.31 | 0.70 | |
| Chipotle Mexican Grill Inc. | 1.23 | 1.25 | 1.13 | 1.00 | 1.09 | |
| McDonald’s Corp. | 0.45 | 0.46 | 0.43 | 0.36 | 0.44 | |
| Starbucks Corp. | 1.22 | 1.15 | 0.93 | 0.80 | 1.38 | |
| Total Asset Turnover, Sector | ||||||
| Consumer Services | 0.74 | 0.71 | 0.59 | 0.49 | 0.73 | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.97 | 0.96 | 0.88 | 0.84 | 0.94 | |
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).
1 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 10,235 ÷ 15,401 = 0.66
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. | Hilton Worldwide Holdings Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
Hilton Worldwide Holdings Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 10,235) | 8,773) | 5,788) | 4,307) | 9,452) | |
| Total Hilton stockholders’ deficit | (2,360) | (1,102) | (821) | (1,490) | (482) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Airbnb Inc. | 1.21 | 1.51 | 1.25 | 1.16 | — | |
| Booking Holdings Inc. | — | 6.14 | 1.77 | 1.39 | 2.54 | |
| Chipotle Mexican Grill Inc. | 3.22 | 3.65 | 3.29 | 2.96 | 3.32 | |
| McDonald’s Corp. | — | — | — | — | — | |
| Starbucks Corp. | — | — | — | — | — | |
| Equity Turnover, Sector | ||||||
| Consumer Services | — | — | 23.06 | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 3.86 | 4.21 | 3.74 | 4.82 | 5.84 | |
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).
1 2023 Calculation
Equity turnover = Revenues ÷ Total Hilton stockholders’ deficit
= 10,235 ÷ -2,360 = —
2 Click competitor name to see calculations.