Golden Entertainment Inc (GDEN)
Fixed asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,350,633 | 1,403,326 | 1,118,335 | 1,119,614 | 1,114,981 | 1,116,291 | 1,119,457 | 1,123,725 | 1,089,708 | 1,013,594 | 937,729 | 721,144 | 688,224 | 729,843 | 766,624 | 939,705 | 970,535 | 938,526 | 906,660 | 876,094 |
| Property, plant and equipment | US$ in thousands | 784,020 | 808,178 | 815,239 | 812,308 | 840,731 | 841,870 | 875,962 | 890,625 | 904,220 | 919,754 | 935,154 | 954,147 | 975,750 | 996,856 | 1,018,300 | 1,040,970 | 1,046,540 | 1,038,690 | 1,030,150 | 1,023,180 |
| Fixed asset turnover | 1.72 | 1.74 | 1.37 | 1.38 | 1.33 | 1.33 | 1.28 | 1.26 | 1.21 | 1.10 | 1.00 | 0.76 | 0.71 | 0.73 | 0.75 | 0.90 | 0.93 | 0.90 | 0.88 | 0.86 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,350,633K ÷ $784,020K
= 1.72
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue. The trend for Golden Entertainment Inc's fixed asset turnover ratio over the past eight quarters has shown consistent improvement, increasing from 1.27 in Q1 2022 to 1.39 in Q1 2023. This indicates that the company is generating more revenue per dollar invested in fixed assets over time.
A fixed asset turnover ratio above 1 suggests that Golden Entertainment Inc is effectively using its fixed assets to generate sales. The recent ratios range between 1.34 and 1.39, indicating a stable performance in this aspect. This may imply effective management of fixed assets and operational efficiency within the company.
Overall, the increasing trend in Golden Entertainment Inc's fixed asset turnover ratio indicates improving efficiency in utilizing its fixed assets to generate revenue, which can be a positive sign for investors and stakeholders. It suggests that the company is making effective use of its fixed assets to drive sales and potentially increase profitability.
Peer comparison
Dec 31, 2023