Six Flags Entertainment Corporation (FUN)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,708,921 | 2,392,734 | 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 |
| Property, plant and equipment | US$ in thousands | 4,294,470 | 4,979,020 | 1,689,030 | — | — | 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 |
| Fixed asset turnover | 0.63 | 0.48 | 1.12 | — | — | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,708,921K ÷ $4,294,470K
= 0.63
The fixed asset turnover ratio for Six Flags Entertainment Corporation fluctuated over the analyzed period. In the first quarter of 2020, the ratio stood at 0.78, indicating that the company generated $0.78 in sales for every $1 invested in fixed assets. However, by the end of the same year, the ratio dropped significantly to 0.10 in December 2020, suggesting a decline in efficiency in utilizing fixed assets to generate revenue.
Throughout 2021, the company's fixed asset turnover remained relatively low, with the ratio ranging from 0.08 to 0.78. The ratio improved in 2022, consistently increasing to reach 1.15 by the end of the year, indicating a more effective use of fixed assets to drive sales.
In the following years, the fixed asset turnover ratio stayed fairly stable, hovering around 1.1, with a slight dip in the third quarter of 2024. The company saw a significant decrease in the ratio in the last quarter of 2024, dropping to 0.63. This may suggest potential challenges in optimizing fixed asset utilization for revenue generation during this period.
Overall, the trend in fixed asset turnover for Six Flags indicates periods of fluctuation and improvement in the company's efficiency in generating sales from its fixed assets. Management should continue to monitor and enhance the utilization of fixed assets to drive profitability and operational performance.
Peer comparison
Dec 31, 2024