Vail Resorts Inc (MTN)
Fixed asset turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,885,190 | 2,889,360 | 2,525,910 | 1,909,710 | 1,963,700 |
| Property, plant and equipment | US$ in thousands | 2,422,640 | 2,371,560 | 2,118,050 | 2,067,880 | 2,192,680 |
| Fixed asset turnover | 1.19 | 1.22 | 1.19 | 0.92 | 0.90 |
July 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,885,190K ÷ $2,422,640K
= 1.19
The fixed asset turnover of Vail Resorts Inc has displayed fluctuations over the past five years. The ratio indicates the company's effectiveness in generating revenue from its investments in fixed assets.
In 2024, the fixed asset turnover stood at 1.19, a slight decrease from the previous year's ratio of 1.22. This implies that for each dollar invested in fixed assets, the company generated $1.19 in revenue.
Comparing to 2022, the fixed asset turnover remained the same at 1.19 in 2024, showing consistency in the company's ability to utilize its fixed assets efficiently to generate revenue.
In 2021, there was a noticeable improvement in the fixed asset turnover to 0.92, which further increased to 0.90 in 2020. These lower ratios suggest that the company may have faced challenges in efficiently utilizing its fixed assets to generate revenue during those years.
Overall, while Vail Resorts Inc has experienced fluctuations in its fixed asset turnover, the recent ratios indicate a relatively efficient use of fixed assets to generate revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and investment effectiveness.
Peer comparison
Jul 31, 2024