Six Flags Entertainment Corporation (FUN)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 13.59 | 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 | 3.84 | 3.33 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | 3.08 | 4.40 | 0.94 | 0.71 | 9.38 | 5.61 | — | — | 26.53 |
The inventory turnover ratio for Six Flags Entertainment Corporation has shown fluctuations over the periods provided, ranging from a low of 0.50 to a high of 16.91. This indicates the number of times the company has sold and replaced its inventory during the respective periods. The trend in inventory turnover suggests variability in the management of inventory levels.
Unfortunately, data for receivables turnover and payables turnover are not provided, making it difficult to assess the efficiency of the company in collecting receivables and managing payables.
The working capital turnover ratio, on the other hand, has shown significant changes across the periods, with values ranging from 0.71 to 26.53. This ratio reflects how efficiently the company is using its working capital to generate sales revenue. A higher ratio implies that the company is effectively utilizing its working capital to generate revenue, while a lower ratio may indicate inefficiency in utilizing the resources.
Overall, ongoing monitoring and analysis of these activity ratios are crucial for understanding the operational efficiency and effectiveness of Six Flags Entertainment Corporation in managing its resources and generating revenue.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 26.87 | 38.30 | 42.46 | 125.10 | 147.21 | 126.54 | 100.66 | 113.25 | 141.02 | 118.47 | 104.22 | 144.05 | 376.59 | 732.75 | 619.12 | 458.81 | 190.79 | 21.59 | 95.11 | 109.52 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) ratio for Six Flags Entertainment Corporation has shown significant variability over the past few quarters, ranging from a low of 21.59 days to a high of 732.75 days. This suggests potential fluctuations in inventory management efficiency and could indicate challenges in managing and turning over inventory in a timely manner.
The Days of Sales Outstanding (DSO) and Number of Days of Payables ratios are not provided in the data, which limits the comprehensive analysis of Six Flags Entertainment Corporation's activity ratios. Monitoring DSO and payables turnover can provide insights into the company's effectiveness in collecting receivables and managing payment obligations, respectively.
Overall, based on the available information, it appears that Six Flags Entertainment Corporation may benefit from focusing on optimizing its inventory management practices to improve operational efficiency and cash flow management. However, a more detailed analysis incorporating additional activity ratios would provide a more complete assessment of the company's overall operating performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.80 | 0.80 | 0.79 | 0.77 | 0.77 | 0.82 | 0.81 | 0.75 | 0.71 | 0.61 | 0.58 | 0.36 | 0.13 | 0.05 | 0.07 | 0.16 | 0.39 | 0.61 | 0.57 | 0.55 |
The fixed asset turnover ratio for Six Flags Entertainment Corporation has shown variability over the past few quarters, with values ranging from 0.08 to 1.15. The ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue, with higher values reflecting better efficiency.
In contrast, the total asset turnover ratio has also fluctuated, ranging from 0.05 to 0.82. This ratio measures the company's ability to generate revenue from all of its assets, including both fixed and current assets. A higher total asset turnover ratio suggests that the company is generating more revenue per dollar of assets.
Overall, the trend in both ratios for Six Flags Entertainment Corporation shows some inconsistency, with no clear upward or downward trajectory. This variability may be attributed to factors such as changes in the company's asset base, operational efficiency, or overall economic conditions affecting the theme park industry. Analyzing these ratios alongside other financial metrics and industry benchmarks can provide a more comprehensive understanding of the company's long-term activity performance.