Six Flags Entertainment Corporation (FUN)
Total asset 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 |
| Total assets | US$ in thousands | 9,130,520 | 9,369,230 | 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 |
| Total asset turnover | 0.30 | 0.26 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,708,921K ÷ $9,130,520K
= 0.30
The total asset turnover ratio of Six Flags Entertainment Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio decreased significantly from 0.61 on March 31, 2020, to 0.05 on March 31, 2021, indicating a reduction in the efficiency of the company in generating revenue from its total assets. Subsequently, there was a gradual improvement in the ratio, reaching 0.79 by December 31, 2023. This suggests that the company was able to better utilize its assets to generate sales during this period.
However, there was a slight decline in the total asset turnover ratio to 0.30 by December 31, 2024, indicating a potential decrease in efficiency in generating revenue from its total assets. Overall, the trend in the total asset turnover ratio shows fluctuations, with periods of improvement followed by slight declines. Monitoring this ratio is important for assessing the company's efficiency in utilizing its assets to generate sales.
Peer comparison
Dec 31, 2024