Six Flags Entertainment Corporation (FUN)
Fixed asset turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,886,363 | 1,815,729 | 1,798,668 | 1,793,539 | 1,794,593 | 1,803,102 | 1,817,383 | 1,802,325 | 1,712,666 | 1,427,312 | 1,338,219 | 1,021,160 | 355,213 | 137,662 | 181,555 | 404,924 | 1,031,979 | 1,461,583 | 1,474,925 | 1,467,463 |
| Property, plant and equipment | US$ in thousands | — | — | — | 1,698,600 | 1,648,750 | 1,620,840 | 1,582,360 | 1,561,690 | 1,599,940 | 1,745,830 | 1,710,740 | 1,729,770 | 1,815,720 | 1,810,450 | 1,801,980 | 1,813,610 | 1,862,580 | 1,876,110 | 1,841,610 | 1,832,330 |
| Fixed asset turnover | — | — | — | 1.06 | 1.09 | 1.11 | 1.15 | 1.15 | 1.07 | 0.82 | 0.78 | 0.59 | 0.20 | 0.08 | 0.10 | 0.22 | 0.55 | 0.78 | 0.80 | 0.80 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,886,363K ÷ $—K
= —
The fixed asset turnover ratio for Six Flags Entertainment Corporation has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is generating revenue from its fixed assets.
In the most recent quarter, as of September 30, 2023, the fixed asset turnover ratio was 1.06, which suggests that the company generated $1.06 in revenue for every dollar invested in fixed assets during that period. This indicates a moderate level of efficiency in utilizing its fixed assets to generate sales.
Looking at the trend over the past several quarters, there was a slight decline in the ratio from 1.15 in December 2022 to 1.06 in September 2023. This may suggest a decrease in the company's ability to generate revenue relative to its fixed asset base during this period.
It's worth noting that the fixed asset turnover ratio has been volatile over the quarters, with some periods showing lower ratios such as 0.20 in March 2021 and 0.08 in June 2021, indicating potential inefficiencies in utilizing fixed assets during those periods.
Overall, Six Flags Entertainment Corporation should continue to monitor and analyze its fixed asset turnover ratio to ensure efficient utilization of its fixed assets in generating revenue.
Peer comparison
Jun 30, 2024