Light & Wonder Inc (LNW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,549,000 | 2,038,000 | 2,049,000 | 2,286,000 | 3,579,000 |
| Total assets | US$ in thousands | 5,552,000 | 6,009,000 | 7,883,000 | 7,984,000 | 7,809,000 |
| Total asset turnover | 0.46 | 0.34 | 0.26 | 0.29 | 0.46 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,549,000K ÷ $5,552,000K
= 0.46
The total asset turnover of Light & Wonder Inc has shown variations over the past five years, ranging from 0.27 to 0.52. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its total assets.
In 2023, the total asset turnover ratio improved to 0.52 from 0.42 in 2022, indicating that Light & Wonder Inc generated $0.52 in sales for every $1 of assets. This suggests an enhancement in the company's ability to utilize its assets efficiently to drive revenue.
Comparing this to earlier years, the total asset turnover was at its lowest in 2021 at 0.27, signifying a decline in the company's efficiency in utilizing its assets to generate sales. However, there was a notable recovery in 2022 and further improvement in 2023.
Overall, the increasing trend in total asset turnover ratio demonstrates that Light & Wonder Inc has been able to effectively leverage its assets to generate sales revenue, showcasing improved operational efficiency and potentially better financial performance.
Peer comparison
Dec 31, 2023