Six Flags Entertainment Corporation (FUN)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,004,300 | 1,177,980 | 164,246 | 112,466 | 27,991 |
| Payables | US$ in thousands | 107,056 | — | — | — | — |
| Payables turnover | 9.38 | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,004,300K ÷ $107,056K
= 9.38
The payables turnover ratio for Six Flags Entertainment Corporation was not available for the years 2020, 2021, 2022, and 2023. However, for the year ending December 31, 2024, the payables turnover ratio was calculated to be 9.38. This indicates that Six Flags Entertainment Corporation was able to pay off its accounts payable approximately 9.38 times during the year 2024. A higher payables turnover ratio typically suggests that the company is managing its payables efficiently and promptly settling its outstanding obligations with suppliers. This may indicate strong liquidity and effective working capital management within the organization during that specific year. It's important to note that analyzing trends over multiple years would provide a more comprehensive understanding of the company's payables management effectiveness.
Peer comparison
Dec 31, 2024