Light & Wonder Inc (LNW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,893,000 | 2,549,000 | 2,038,000 | 2,049,000 | 2,286,000 |
| Total assets | US$ in thousands | 5,421,000 | 5,552,000 | 6,009,000 | 7,883,000 | 7,984,000 |
| Total asset turnover | 0.53 | 0.46 | 0.34 | 0.26 | 0.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,893,000K ÷ $5,421,000K
= 0.53
The total asset turnover ratio measures a company's efficiency in utilizing its total assets to generate revenue. Over the past five years, Light & Wonder Inc's total asset turnover has fluctuated. In 2020, the ratio was 0.29, indicating that the company generated $0.29 in revenue for every $1 of total assets. This ratio decreased slightly to 0.26 in 2021, suggesting a decline in asset efficiency.
However, there was an improvement in the following years. By the end of 2022, the total asset turnover ratio increased to 0.34, indicating that the company was generating more revenue for each dollar of total assets compared to the prior year. This trend continued with a ratio of 0.46 in 2023 and further improvement to 0.53 in 2024. Overall, the increasing trend in total asset turnover suggests that Light & Wonder Inc has been more efficient in utilizing its assets to drive revenue growth over the past five years.
Peer comparison
Dec 31, 2024