Six Flags Entertainment Corporation (FUN)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,708,930 | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 |
| Receivables | US$ in thousands | 164,861 | — | — | — | — |
| Receivables turnover | 16.43 | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,708,930K ÷ $164,861K
= 16.43
The receivables turnover ratio for Six Flags Entertainment Corporation has shown consistency over the years. As of December 31, 2024, the ratio stands at 16.43, indicating that the company is efficient in collecting payments from its customers. This higher turnover ratio suggests that Six Flags is able to convert its accounts receivable into cash more frequently within the year, reflecting effective credit management practices. However, it's noteworthy that data prior to 2024 is not available, which limits the ability to assess any trend or improvement over time. Overall, a receivables turnover ratio of 16.43 demonstrates Six Flags' ability to efficiently manage its accounts receivable, ensuring a healthy cash flow for the organization.
Peer comparison
Dec 31, 2024