Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
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)
Royal Caribbean Cruises Ltd., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Royal Caribbean Cruises Ltd. net fixed asset turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| 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). | Royal Caribbean Cruises Ltd. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Royal Caribbean Cruises Ltd. total asset turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Royal Caribbean Cruises Ltd. equity turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Net Fixed Asset Turnover
Royal Caribbean Cruises Ltd., net fixed asset turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Revenues | 2,184,242) | 1,059,231) | 982,247) | 456,958) | 50,914) | 42,014) | 34,138) | (33,688) | 175,605) | 2,032,750) | 2,517,413) | 3,186,850) | 2,806,631) | 2,439,767) | 2,332,301) | 2,796,187) | 2,337,605) | 2,027,756) | 2,004,467) | 2,569,544) | 2,195,274) | 2,008,560) | |||||||
| Property and equipment, net | 27,556,323) | 26,940,867) | 25,907,949) | 25,699,712) | 25,872,907) | 25,794,798) | 25,246,595) | 25,362,549) | 25,647,715) | 25,857,215) | 25,466,808) | 25,005,404) | 24,855,174) | 23,641,251) | 23,466,163) | 22,599,589) | 21,429,719) | 21,207,786) | 19,735,180) | 19,688,872) | 19,798,542) | 19,860,696) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover1 | 0.17 | 0.09 | 0.06 | 0.02 | 0.00 | 0.01 | 0.09 | 0.19 | 0.31 | 0.41 | 0.43 | 0.43 | 0.42 | 0.42 | 0.40 | 0.41 | 0.42 | 0.41 | 0.44 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 62.54 | 46.34 | 38.27 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 17.07 | 14.82 | 13.33 | 12.09 | 9.60 | 7.70 | 8.99 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 4.49 | 4.40 | 4.27 | 4.18 | 4.11 | 3.91 | 3.78 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 1.01 | 0.97 | 0.94 | 0.92 | 0.88 | 0.80 | 0.77 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 4.85 | 4.75 | 4.56 | 4.41 | 3.89 | 3.75 | 3.77 | 3.82 | 4.17 | 4.22 | 4.12 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Net fixed asset turnover
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Property and equipment, net
= (2,184,242 + 1,059,231 + 982,247 + 456,958)
÷ 27,556,323 = 0.17
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. | Royal Caribbean Cruises Ltd. net fixed asset turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Royal Caribbean Cruises Ltd., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Revenues | 2,184,242) | 1,059,231) | 982,247) | 456,958) | 50,914) | 42,014) | 34,138) | (33,688) | 175,605) | 2,032,750) | 2,517,413) | 3,186,850) | 2,806,631) | 2,439,767) | 2,332,301) | 2,796,187) | 2,337,605) | 2,027,756) | 2,004,467) | 2,569,544) | 2,195,274) | 2,008,560) | |||||||
| Property and equipment, net | 27,556,323) | 26,940,867) | 25,907,949) | 25,699,712) | 25,872,907) | 25,794,798) | 25,246,595) | 25,362,549) | 25,647,715) | 25,857,215) | 25,466,808) | 25,005,404) | 24,855,174) | 23,641,251) | 23,466,163) | 22,599,589) | 21,429,719) | 21,207,786) | 19,735,180) | 19,688,872) | 19,798,542) | 19,860,696) | |||||||
| Operating lease right-of-use assets | 569,561) | 535,532) | 542,128) | 560,224) | 559,508) | 579,541) | 599,985) | 584,477) | 609,422) | 619,439) | 687,555) | 697,461) | 720,854) | 777,551) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Property and equipment, net (including operating lease, right-of-use asset) | 28,125,884) | 27,476,399) | 26,450,077) | 26,259,936) | 26,432,415) | 26,374,339) | 25,846,580) | 25,947,026) | 26,257,137) | 26,476,654) | 26,154,363) | 25,702,865) | 25,576,028) | 24,418,802) | 23,466,163) | 22,599,589) | 21,429,719) | 21,207,786) | 19,735,180) | 19,688,872) | 19,798,542) | 19,860,696) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.17 | 0.09 | 0.06 | 0.02 | 0.00 | 0.01 | 0.09 | 0.18 | 0.30 | 0.40 | 0.42 | 0.42 | 0.41 | 0.41 | 0.40 | 0.41 | 0.42 | 0.41 | 0.44 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 26.12 | 16.30 | 13.98 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 11.24 | 9.40 | 8.31 | 7.63 | 5.96 | 4.65 | 5.29 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.62 | 1.59 | 1.54 | 1.49 | 1.48 | 1.41 | 1.38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 2.14 | 2.08 | 1.99 | 1.91 | 1.68 | 1.61 | 1.64 | 1.66 | 1.82 | 1.83 | 4.12 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset)
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Property and equipment, net (including operating lease, right-of-use asset)
= (2,184,242 + 1,059,231 + 982,247 + 456,958)
÷ 28,125,884 = 0.17
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). | Royal Caribbean Cruises Ltd. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Total Asset Turnover
Royal Caribbean Cruises Ltd., total asset turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Revenues | 2,184,242) | 1,059,231) | 982,247) | 456,958) | 50,914) | 42,014) | 34,138) | (33,688) | 175,605) | 2,032,750) | 2,517,413) | 3,186,850) | 2,806,631) | 2,439,767) | 2,332,301) | 2,796,187) | 2,337,605) | 2,027,756) | 2,004,467) | 2,569,544) | 2,195,274) | 2,008,560) | |||||||
| Total assets | 33,943,245) | 32,939,998) | 32,258,355) | 32,665,566) | 33,691,962) | 34,347,073) | 32,465,187) | 31,828,810) | 33,306,543) | 33,445,053) | 30,320,284) | 29,825,461) | 29,808,962) | 28,720,049) | 27,698,270) | 27,093,540) | 24,057,036) | 23,970,972) | 22,296,317) | 22,099,314) | 22,024,168) | 22,017,257) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Total asset turnover1 | 0.14 | 0.08 | 0.05 | 0.02 | 0.00 | 0.01 | 0.07 | 0.15 | 0.24 | 0.32 | 0.36 | 0.36 | 0.35 | 0.34 | 0.34 | 0.34 | 0.37 | 0.37 | 0.39 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 0.39 | 0.39 | 0.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.60 | 0.56 | 0.46 | 0.39 | 0.30 | 0.24 | 0.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.24 | 1.21 | 1.13 | 1.09 | 1.08 | 1.03 | 1.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 0.48 | 0.47 | 0.43 | 0.43 | 0.42 | 0.38 | 0.36 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 1.08 | 1.05 | 0.93 | 0.92 | 0.84 | 0.77 | 0.80 | 0.83 | 0.97 | 0.97 | 1.38 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Total asset turnover
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Total assets
= (2,184,242 + 1,059,231 + 982,247 + 456,958)
÷ 33,943,245 = 0.14
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. | Royal Caribbean Cruises Ltd. total asset turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |
Equity Turnover
Royal Caribbean Cruises Ltd., equity turnover calculation (quarterly data)
| Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||
| Revenues | 2,184,242) | 1,059,231) | 982,247) | 456,958) | 50,914) | 42,014) | 34,138) | (33,688) | 175,605) | 2,032,750) | 2,517,413) | 3,186,850) | 2,806,631) | 2,439,767) | 2,332,301) | 2,796,187) | 2,337,605) | 2,027,756) | 2,004,467) | 2,569,544) | 2,195,274) | 2,008,560) | |||||||
| Shareholders’ equity | 3,398,098) | 3,988,928) | 5,085,556) | 6,467,498) | 7,884,015) | 9,172,382) | 8,760,669) | 8,328,594) | 8,963,905) | 10,231,775) | 12,163,846) | 11,976,907) | 11,538,403) | 11,269,070) | 11,105,461) | 11,338,135) | 10,773,698) | 10,646,796) | 10,702,303) | 10,435,488) | 9,683,408) | 9,266,830) | |||||||
| Long-term Activity Ratio | |||||||||||||||||||||||||||||
| Equity turnover1 | 1.38 | 0.64 | 0.30 | 0.09 | 0.01 | 0.02 | 0.25 | 0.56 | 0.88 | 1.03 | 0.90 | 0.90 | 0.90 | 0.88 | 0.85 | 0.81 | 0.83 | 0.83 | 0.82 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 1.41 | 1.40 | 1.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 3.66 | 2.86 | 1.77 | 1.66 | 1.50 | 1.19 | 1.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 3.78 | 3.67 | 3.29 | 3.11 | 3.15 | 3.01 | 2.96 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q2 2022 Calculation
Equity turnover
= (RevenuesQ2 2022
+ RevenuesQ1 2022
+ RevenuesQ4 2021
+ RevenuesQ3 2021)
÷ Shareholders’ equity
= (2,184,242 + 1,059,231 + 982,247 + 456,958)
÷ 3,398,098 = 1.38
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Royal Caribbean Cruises Ltd. equity turnover ratio improved from Q4 2021 to Q1 2022 and from Q1 2022 to Q2 2022. |