MGM Resorts International (MGM)

Total 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
Total assets US$ in thousands 42,231,600 42,368,500 45,692,200 40,899,100 36,494,900
Total asset turnover 0.41 0.38 0.29 0.24 0.14

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $17,240,500K ÷ $42,231,600K
= 0.41

The total asset turnover ratio for MGM Resorts International has shown a positive trend over the past five years, increasing from 0.14 in December 31, 2020, to 0.41 in December 31, 2024. This indicates that the company has been more effective in generating revenue relative to its total assets. A higher total asset turnover ratio implies that the company is efficiently utilizing its assets to generate sales. The gradual increase in this ratio suggests improved operational efficiency and effectiveness in managing its assets to drive revenue growth.