Six Flags Entertainment Corporation (FUN)
Working capital 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 current assets | US$ in thousands | 399,870 | 456,961 | 271,393 | 190,187 | 208,840 | 134,394 | 262,579 | 184,163 | 243,759 | 438,948 | 476,375 | 264,564 | 263,641 | 748,371 | 523,744 | 479,405 | 554,511 | 340,510 | 415,286 | 92,959 |
| Total current liabilities | US$ in thousands | 926,677 | 1,140,610 | 539,869 | 424,266 | 402,726 | 446,457 | 496,181 | 411,518 | 396,972 | 461,432 | 509,394 | 407,090 | 381,514 | 416,603 | 442,955 | 333,011 | 299,981 | 297,363 | 231,473 | 177,839 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 3.08 | 4.40 | 0.94 | 0.71 | 9.38 | 5.61 | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,708,921K ÷ ($399,870K – $926,677K)
= —
The working capital turnover ratio is a measure of how efficiently a company utilizes its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital.
In the case of Six Flags Entertainment Corporation, the working capital turnover has shown varying trends over the reported periods:
- June 30, 2020: 5.61
- September 30, 2020: 9.38
- December 31, 2020: 0.71
- March 31, 2021: 0.94
- June 30, 2021: 4.40
- September 30, 2021: 3.08
The ratio indicates that during June 2020 and September 2020, for every dollar invested in working capital, the company generated $5.61 and $9.38 in sales, respectively. This suggests a high level of efficiency in utilizing working capital during those periods.
However, the working capital turnover decreased significantly by the end of December 2020 to a ratio of 0.71, indicating that the company's ability to generate sales from working capital deteriorated. This trend continued with ratios of 0.94 on March 31, 2021, and 3.08 on September 30, 2021, showing some improvements but still below the levels seen in mid-2020.
Further analysis would be needed to understand the reasons behind the fluctuation in the working capital turnover ratio and its impact on the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024