Six Flags Entertainment Corporation (FUN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,708,921 | 2,392,734 | 1,886,363 | 1,815,729 | 1,798,668 | 1,793,539 | 1,794,593 | 1,803,102 | 1,817,383 | 1,802,325 | 1,712,666 | 1,427,312 | 1,338,219 | 1,021,160 | 355,213 | 137,662 | 181,555 | 404,924 | 1,031,979 | 1,461,583 |
| Receivables | US$ in thousands | 164,861 | 201,653 | 114,554 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 16.43 | 11.87 | 16.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,708,921K ÷ $164,861K
= 16.43
The receivables turnover for Six Flags Entertainment Corporation has shown variability over the periods provided in the financial statement data. As of June 30, 2024, the receivables turnover ratio was 16.47, indicating that the company collected its outstanding receivables approximately 16.47 times during that period. However, there was a decrease in the receivables turnover ratio to 11.87 as of September 30, 2024, followed by a slight increase to 16.43 by December 31, 2024.
A higher receivables turnover ratio generally indicates that the company is efficient in collecting outstanding receivables from customers, which can be a positive sign of effective credit management. On the other hand, a lower ratio may suggest potential issues with collections or credit policies.
It is essential for Six Flags Entertainment Corporation to monitor its receivables turnover ratio regularly to ensure efficient cash flow management and reduce the risk of bad debts. By analyzing trends in the receivables turnover ratio, the company can assess the effectiveness of its credit and collection practices and make informed decisions to improve its financial performance.
Peer comparison
Dec 31, 2024