Six Flags Entertainment Corporation (FUN)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,798,670 | 1,817,380 | 1,338,220 | 181,555 | 1,474,920 |
| Total assets | US$ in thousands | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 | 2,581,140 |
| Total asset turnover | 0.79 | 0.81 | 0.58 | 0.07 | 0.57 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,798,670K ÷ $2,282,460K
= 0.79
Six Flags Entertainment Corporation's total asset turnover ratio has fluctuated over the past five years. In 2023, the total asset turnover ratio was 0.79, indicating that the company generated $0.79 in sales for every dollar of total assets. This ratio decreased slightly from 0.81 in 2022.
The total asset turnover ratio for Six Flags was relatively low in 2020 at 0.07, suggesting that the company was inefficient in utilizing its assets to generate revenue. However, there was a significant improvement in 2021, with the ratio increasing to 0.58.
In 2019, Six Flags had a total asset turnover ratio of 0.57, which was relatively consistent with the most recent year but lower than the ratios seen in the intervening years.
Overall, Six Flags Entertainment Corporation's total asset turnover ratio has shown variability in recent years, with some improvements in asset utilization efficiency. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal utilization of resources in generating sales.
Peer comparison
Dec 31, 2023