Six Flags Entertainment Corporation (FUN)
Working capital 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 current assets | US$ in thousands | 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 | 294,181 | 384,800 |
| Total current liabilities | US$ in thousands | 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 | 324,138 | 329,479 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | 3.08 | 4.40 | 0.94 | 0.71 | 9.38 | 5.61 | — | — | 26.53 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,886,363K ÷ ($271,393K – $539,869K)
= —
The working capital turnover ratio for Six Flags Entertainment Corporation has shown fluctuations over the past few quarters, indicating variations in its efficiency in utilizing its working capital to generate sales. Notably, the ratio was 3.08 in December 2022, increased to 4.40 in March 2023, dropped significantly to 0.94 in June 2023, and further declined to 0.71 in September 2023.
This downward trend reversed in the following quarters, with a notable increase to 9.38 in December 2020, further improving to 5.61 in September 2020. The ratio significantly spiked to 26.53 in December 2019, reflecting a substantial improvement in the company's ability to generate revenue using its working capital efficiently.
The inconsistent performance of the working capital turnover ratio over the quarters suggests varying levels of operational efficiency and effectiveness in managing the company's working capital. Further analysis of the underlying factors influencing these fluctuations would be necessary to gain a deeper understanding of Six Flags Entertainment Corporation's financial performance.
Peer comparison
Jun 30, 2024