Six Flags Entertainment Corporation (FUN)
Working capital 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 current assets | US$ in thousands | 208,840 | 243,759 | 263,641 | 554,511 | 294,181 |
| Total current liabilities | US$ in thousands | 402,726 | 396,972 | 381,514 | 299,981 | 324,138 |
| Working capital turnover | — | — | — | 0.71 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,798,670K ÷ ($208,840K – $402,726K)
= —
The working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate revenue. A higher ratio suggests better efficiency in using its current assets to support operations.
From the data provided, Six Flags Entertainment Corporation's working capital turnover ratio was not available for 2023, 2022, and 2021. However, in 2020, the company had a working capital turnover ratio of 0.71, indicating that for every $1 of working capital, Six Flags generated $0.71 in revenue. The absence of data for the other years prohibits a trend analysis, but the lower ratio in 2020 may suggest a less efficient use of working capital compared to previous years. Factors influencing working capital turnover could include changes in inventory management, accounts receivable collection, or overall operational efficiency. Further information on the company's financial situation and operational performance would be needed to provide a more in-depth analysis.
Peer comparison
Dec 31, 2023