Light & Wonder Inc (LNW)

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	2,559,000	2,515,000	2,782,000	2,545,000	2,403,000	2,721,000	2,166,000	2,415,000	2,454,000	2,354,000	2,413,000	2,057,000	2,032,000	2,455,000	2,744,000	3,186,000	3,440,000	3,422,700	3,388,700	3,388,700
Property, plant and equipment	US$ in thousands	236,000	229,000	214,000	214,000	204,000	202,000	205,000	197,000	213,000	218,000	391,000	406,000	242,000	434,000	447,000	474,000	500,000	516,000	532,000	517,000
Fixed asset turnover		10.84	10.98	13.00	11.89	11.78	13.47	10.57	12.26	11.52	10.80	6.17	5.07	8.40	5.66	6.14	6.72	6.88	6.63	6.37	6.55

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,559,000K ÷ $236,000K
= 10.84

The fixed asset turnover ratio for Light & Wonder Inc has been consistently high over the past eight quarters, ranging from 8.42 to 12.76. This indicates that the company is efficient in generating sales revenue from its investment in fixed assets, such as property, plant, and equipment. A high fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate revenue.

The upward trend in the fixed asset turnover ratio from Q1 2022 to Q2 2023 indicates improved efficiency in asset utilization over time. This improvement could be attributed to better operational management, increased productivity, or more effective asset utilization strategies.

Overall, the consistent high fixed asset turnover ratio for Light & Wonder Inc reflects positively on the company's operational efficiency and ability to generate revenue from its fixed assets.