Golden Entertainment Inc (GDEN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Property, plant and equipment | US$ in thousands | — | — | 988,624 | 904,220 | 975,750 |
| Fixed asset turnover | — | — | 1.13 | 1.21 | 0.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $666,818K ÷ $—K
= —
The fixed asset turnover ratio for Golden Entertainment Inc has shown some fluctuations over the years. In 2020, the ratio was 0.71, indicating that the company generated $0.71 in revenue for every dollar invested in fixed assets.
Subsequently, there was a significant improvement in the ratio in 2021, reaching 1.21, which suggests that the company became more efficient in using its fixed assets to generate revenue. However, in 2022, the ratio declined slightly to 1.13, although it still remained above the 2020 level.
The absence of data for 2023 and 2024 makes it challenging to provide a complete trend analysis. It is important for the company to ensure consistency and improvement in its fixed asset turnover ratio over time to demonstrate efficient utilization of its fixed assets in generating revenue.
Peer comparison
Dec 31, 2024