Six Flags Entertainment Corporation (FUN)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,474,925 | 1,467,463 |
| Total assets | US$ in thousands | 2,347,830 | 2,264,260 | 2,282,460 | 2,318,600 | 2,316,420 | 2,209,740 | 2,235,900 | 2,414,460 | 2,417,000 | 2,350,300 | 2,313,020 | 2,814,490 | 2,664,230 | 2,627,660 | 2,693,410 | 2,501,520 | 2,657,530 | 2,389,480 | 2,581,140 | 2,658,010 |
| 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 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,886,363K ÷ $2,347,830K
= 0.80
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Six Flags Entertainment Corporation, the total asset turnover has varied over the past few quarters. It has ranged from a low of 0.05 to a high of 0.82, indicating fluctuations in asset utilization efficiency.
In general, a higher total asset turnover figure suggests that the company is effectively using its assets to generate revenue. Conversely, a lower total asset turnover may indicate inefficiency in asset management.
It is important to note that the total asset turnover ratio should be analyzed in conjunction with other financial metrics to get a comprehensive understanding of the company's operational efficiency and financial performance.
Peer comparison
Jun 30, 2024