MGM Resorts International (MGM)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	17,240,550	17,269,550	17,059,590	16,674,420	16,164,250	15,380,910	14,823,800	14,146,480	13,127,490	12,592,160	11,883,630	10,886,700	9,680,140	8,116,790	6,535,170	4,557,019	5,162,089	6,853,689	9,042,149	11,975,580
Total assets	US$ in thousands	42,231,600	42,741,000	41,815,500	42,079,100	42,368,500	42,572,500	42,905,800	43,542,200	45,692,200	47,330,200	48,432,100	38,650,000	40,899,100	41,338,300	36,776,400	37,330,800	36,494,900	37,004,800	37,471,300	39,118,900
Total asset turnover		0.41	0.40	0.41	0.40	0.38	0.36	0.35	0.32	0.29	0.27	0.25	0.28	0.24	0.20	0.18	0.12	0.14	0.19	0.24	0.31

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,240,550K ÷ $42,231,600K
= 0.41

MGM Resorts International's total asset turnover ratio indicates the company's efficiency in generating revenue from its assets. The trend of the total asset turnover ratio from March 2020 to December 2024 shows a gradual decline initially, reaching a low point of 0.12 in March 2021. This decline could suggest that the company's assets were not being effectively utilized to generate revenue during this period.

However, from March 2021 onwards, there is a noticeable improvement in the total asset turnover ratio, indicating that MGM Resorts International started utilizing its assets more efficiently to generate revenue. The ratio increases steadily and reaches 0.41 by December 2024, which suggests that the company was able to increase its revenue generation relative to its total assets.

Overall, the increasing trend in total asset turnover from March 2021 to December 2024 indicates an improvement in MGM Resorts International's operational efficiency and ability to generate revenue from its assets. It reflects positively on the company's management of its assets in driving revenue growth over the analyzed period.