Vail Resorts Inc (MTN)
Fixed asset turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,885,191 | 2,889,573 | 2,844,723 | 2,868,483 | 2,889,365 | 2,886,733 | 2,824,963 | 2,629,778 | 2,525,907 | 2,462,973 | 2,175,391 | 1,953,500 | 1,909,710 | 1,782,717 | 1,587,726 | 1,827,720 | 1,963,704 | 2,130,501 | 2,394,401 | 2,319,341 |
| Property, plant and equipment | US$ in thousands | 2,422,640 | 2,288,760 | 2,349,420 | 2,344,600 | 2,371,560 | 2,370,270 | 2,421,400 | 2,313,060 | 2,118,050 | 2,143,280 | 2,190,330 | 2,062,320 | 2,067,880 | 2,116,800 | 2,158,860 | 2,166,600 | 2,192,680 | 2,201,800 | 2,263,780 | 2,280,090 |
| Fixed asset turnover | 1.19 | 1.26 | 1.21 | 1.22 | 1.22 | 1.22 | 1.17 | 1.14 | 1.19 | 1.15 | 0.99 | 0.95 | 0.92 | 0.84 | 0.74 | 0.84 | 0.90 | 0.97 | 1.06 | 1.02 |
July 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,885,191K ÷ $2,422,640K
= 1.19
The fixed asset turnover ratio measures the efficiency of Vail Resorts Inc in generating revenue from its investments in fixed assets such as property, equipment, and facilities. A higher fixed asset turnover ratio indicates that the company is generating more revenue from its fixed assets.
Analyzing the trend of Vail Resorts Inc's fixed asset turnover ratio from October 2019 to July 2024, we can observe fluctuations in the ratio over time. The ratio increased from 0.97 in January 2020 to a peak of 1.26 in April 2024, indicating improved efficiency in utilizing fixed assets to generate revenue during this period.
However, the ratio has shown some variability, with fluctuations between 0.84 and 1.26. It is important to note that a fixed asset turnover ratio of less than 1 may indicate inefficiency in utilizing fixed assets to generate revenue.
Overall, Vail Resorts Inc's fixed asset turnover ratio has shown variability over the past few years, with some periods of improvement in efficiency in generating revenue from fixed assets. Continued monitoring of this ratio is recommended to assess the company's operational efficiency and effectiveness in managing its fixed asset investments.
Peer comparison
Jul 31, 2024