Golden Entertainment Inc (GDEN)
Fixed 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 | 666,818 | 733,305 | 829,798 | 949,145 | 1,053,149 | 1,102,168 | 1,123,435 | 1,126,126 | 1,121,719 | 1,123,967 | 1,127,396 | 1,130,491 | 1,096,543 | 1,020,213 | 943,187 | 726,694 | 694,155 | 730,661 | 768,579 | 940,675 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 815,239 | 812,308 | 988,624 | 841,870 | 875,962 | 890,625 | 904,220 | 919,754 | 1,130,420 | 954,147 | 975,750 | 996,856 | 1,018,300 | 1,040,970 |
| Fixed asset turnover | — | — | — | — | — | — | 1.38 | 1.39 | 1.13 | 1.34 | 1.29 | 1.27 | 1.21 | 1.11 | 0.83 | 0.76 | 0.71 | 0.73 | 0.75 | 0.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $666,818K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates better asset utilization.
Looking at the data provided for Golden Entertainment Inc:
- The fixed asset turnover ratio started at 0.90 as of March 31, 2020, showing that the company generated $0.90 in sales for every dollar invested in fixed assets.
- The ratio declined over the next few quarters, reaching its lowest point at 0.71 by December 31, 2020, indicating a decrease in efficiency in utilizing fixed assets to generate revenue.
- However, from March 31, 2021, there was an improvement in the fixed asset turnover ratio, which steadily increased over the next few quarters.
- By September 30, 2021, the ratio jumped to 1.11, indicating the company was generating $1.11 in sales for every dollar of fixed assets.
- The trend continued with further increases in the fixed asset turnover ratio, reaching a peak of 1.39 as of March 31, 2023, showcasing significant improvements in asset utilization efficiency.
- On the last available date, June 30, 2023, the fixed asset turnover remained relatively stable at 1.38.
It is essential for Golden Entertainment Inc to maintain and enhance its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and enhance overall operational efficiency and profitability. It would be interesting to see the trend in the upcoming quarters to evaluate the company's continued focus on efficient asset management.
Peer comparison
Dec 31, 2024