Vail Resorts Inc (MTN)
Total 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 |
| Total assets | US$ in thousands | 5,698,440 | 5,808,740 | 5,847,660 | 5,760,020 | 5,947,750 | 6,199,450 | 6,564,960 | 6,280,870 | 6,318,030 | 6,397,290 | 6,369,740 | 6,290,550 | 6,251,060 | 6,276,640 | 6,165,830 | 5,390,520 | 5,244,230 | 5,289,650 | 5,113,680 | 5,157,750 |
| Total asset turnover | 0.51 | 0.50 | 0.49 | 0.50 | 0.49 | 0.47 | 0.43 | 0.42 | 0.40 | 0.39 | 0.34 | 0.31 | 0.31 | 0.28 | 0.26 | 0.34 | 0.37 | 0.40 | 0.47 | 0.45 |
July 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,885,191K ÷ $5,698,440K
= 0.51
Vail Resorts Inc's total asset turnover has shown a fluctuating trend over the past two years. From October 2019 to July 2020, the total asset turnover ranged between 0.40 and 0.47, indicating relatively stable efficiency in generating revenue from its assets. However, starting from January 2021, the total asset turnover began to increase, reaching a peak of 0.51 in July 2024.
This upward trend suggests that Vail Resorts Inc has been more effective in utilizing its assets to generate sales revenue. The company's ability to generate more revenue from its assets indicates improved operational efficiency and potentially better strategic management of its asset base.
Overall, the increasing total asset turnover for Vail Resorts Inc reflects positive developments in the company's operations and suggests a potentially favorable outlook for the company's financial performance going forward.
Peer comparison
Jul 31, 2024