Six Flags Entertainment Corporation (FUN)
Payables 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 |
| Payables | US$ in thousands | 107,056 | 120,351 | 84,130 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 10.52 | 9.33 | 8.17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,125,971K ÷ $107,056K
= 10.52
The payables turnover ratio for Six Flags Entertainment Corporation has shown an increasing trend over the recent quarters. As of December 31, 2024, the payables turnover ratio stood at 10.52, indicating that the company is managing its accounts payable effectively. This suggests that Six Flags is efficiently paying off its suppliers within a shorter period, which could be a positive sign of strong liquidity and effective working capital management. The increase in the payables turnover ratio over the quarters may reflect improved cash flow management or negotiation power with suppliers. Further monitoring of this ratio in upcoming periods will help in assessing the company's ability to manage its payable obligations efficiently.
Peer comparison
Dec 31, 2024