Vail Resorts Inc (MTN)
Total 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 |
| Total assets | US$ in thousands | 5,698,440 | 5,947,750 | 6,318,030 | 6,251,060 | 5,244,230 |
| Total asset turnover | 0.51 | 0.49 | 0.40 | 0.31 | 0.37 |
July 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,885,190K ÷ $5,698,440K
= 0.51
The total asset turnover ratio for Vail Resorts Inc has been increasing gradually over the past five years, indicating an improvement in the efficiency of utilizing its assets to generate revenue.
In 2020, the total asset turnover ratio was 0.37, showing that for every dollar of assets, the company generated $0.37 in revenue. This ratio increased to 0.51 in 2024, demonstrating that the company has been able to generate more revenue from its assets compared to the previous years.
A higher total asset turnover ratio suggests that Vail Resorts Inc is using its assets more effectively to generate sales, which can be a positive indicator of operational efficiency and financial performance. This improvement over the years may reflect better asset management, increased sales volumes, or more effective utilization of resources.
Overall, the upward trend in the total asset turnover ratio for Vail Resorts Inc indicates that the company is becoming more efficient in generating revenue from its assets, which can be a positive sign for investors and stakeholders.
Peer comparison
Jul 31, 2024