Six Flags Entertainment Corporation (FUN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,125,971 | 1,123,262 | 687,124 | 532,525 | 379,045 | 160,273 | 163,273 | 163,803 | 164,246 | 160,086 | 146,516 | 120,984 | 112,466 | 93,401 | 45,537 | 23,912 | 27,991 | 40,360 | 87,197 | 125,000 |
| Inventory | US$ in thousands | 71,104 | 89,842 | 61,480 | 55,875 | 44,097 | 54,932 | 65,852 | 56,790 | 45,297 | 49,669 | 56,608 | 39,269 | 32,113 | 36,861 | 46,983 | 48,004 | 47,479 | 50,733 | 45,580 | 7,394 |
| Inventory turnover | 15.84 | 12.50 | 11.18 | 9.53 | 8.60 | 2.92 | 2.48 | 2.88 | 3.63 | 3.22 | 2.59 | 3.08 | 3.50 | 2.53 | 0.97 | 0.50 | 0.59 | 0.80 | 1.91 | 16.91 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,125,971K ÷ $71,104K
= 15.84
The inventory turnover ratio of Six Flags Entertainment Corporation has fluctuated over the past few years, indicating varying efficiency in managing its inventory levels. The ratio, expressing how many times inventory is sold and replaced during a specific period, started at a relatively high 16.91 on March 31, 2020. However, there was a sharp decline in June 2020 to 1.91, suggesting slower inventory turnover.
Throughout the rest of 2020 and into early 2021, the inventory turnover continued to drop significantly, hitting a low of 0.50 on March 31, 2021. This may imply challenges in selling off existing inventory or overstocking. As of June 30, 2021, the ratio started to increase, indicating some improvement in managing inventory levels, but still relatively low at 0.97.
By September 30, 2021, there was a notable increase to 2.53, suggesting a more efficient turnover of inventory. This upward trend continued, reaching 15.84 by December 31, 2024, which indicates a substantial improvement in inventory management efficiency. The rising trend from 2021 to 2024 implies that Six Flags Entertainment Corporation has been able to better balance its inventory levels to meet demand and minimize excess inventory holding costs.
Peer comparison
Dec 31, 2024
Dec 31, 2024