Six Flags Entertainment Corporation (FUN)
Total asset 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 |
| Total assets | US$ in thousands | 9,130,520 | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 |
| Total asset turnover | 0.30 | 0.79 | 0.81 | 0.58 | 0.07 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,708,930K ÷ $9,130,520K
= 0.30
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of Six Flags Entertainment Corporation, the total asset turnover has shown a fluctuating trend over the past five years.
In December 31, 2020, the total asset turnover was at a relatively low 0.07, indicating that the company was not efficiently using its assets to generate revenue. However, this ratio improved significantly to 0.58 by December 31, 2021, suggesting a better utilization of assets to generate revenue.
By December 31, 2022, the total asset turnover further increased to 0.81, indicating a substantial improvement in asset utilization efficiency. However, there was a slight decline in the ratio to 0.79 by December 31, 2023, although it still remained relatively high.
The total asset turnover then dropped notably to 0.30 by December 31, 2024, signifying a decrease in the efficiency of asset utilization to generate revenue compared to the previous years.
Overall, Six Flags Entertainment Corporation's total asset turnover has shown a mixed performance over the five-year period, with significant improvements in asset utilization efficiency in some years, but also experiencing a notable decline in others. Additional analysis would be needed to understand the specific factors driving these fluctuations in total asset turnover.
Peer comparison
Dec 31, 2024