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.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
MGM Resorts International
MGM
0.41
Boyd Gaming Corporation
BYD
0.61
Caesars Entertainment Corporation
CZR
0.34
Choice Hotels International Inc
CHH
0.63
Hilton Worldwide Holdings Inc
HLT
0.68
Hyatt Hotels Corporation
H
0.59
Las Vegas Sands Corp
LVS
0.55
Marriott International Inc
MAR
0.96
Monarch Casino & Resort Inc
MCRI
0.75
Penn National Gaming Inc
PENN
0.43
Travel + Leisure Co
TNL
0.57