MGM Resorts International (MGM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,240,500 | 16,164,200 | 13,127,500 | 9,680,140 | 5,162,080 |
| Property, plant and equipment | US$ in thousands | — | — | 29,754,900 | 25,928,300 | 14,632,100 |
| Fixed asset turnover | — | — | 0.44 | 0.37 | 0.35 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,240,500K ÷ $—K
= —
The fixed asset turnover ratio for MGM Resorts International has shown a slight improvement over the years, from 0.35 in December 31, 2020, to 0.37 in December 31, 2021, and further to 0.44 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. The absence of data for December 31, 2023, and December 31, 2024, prevents a complete trend analysis, but the overall increasing trend is positive. A higher fixed asset turnover ratio suggests that MGM Resorts International is utilizing its fixed assets more efficiently to generate revenue.
Peer comparison
Dec 31, 2024