Wynn Resorts Limited (WYNN)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	7,372,660	6,041,540	3,310,710	3,369,780	1,656,560
Property, plant and equipment	US$ in thousands	6,521,280	6,688,480	6,896,060	8,765,310	9,196,640
Fixed asset turnover		1.13	0.90	0.48	0.38	0.18

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,372,660K ÷ $6,521,280K
= 1.13

The fixed asset turnover ratio for Wynn Resorts Limited has shown an upward trend over the past five years, indicating improved efficiency in generating revenue from its fixed assets. In December 31, 2020, the ratio was 0.18, reflecting a relatively lower utilization of fixed assets to generate sales. However, by December 31, 2024, the fixed asset turnover had significantly increased to 1.13, suggesting that the company has been able to generate 1.13 times its revenue using its fixed assets efficiently.

This improvement in the fixed asset turnover ratio indicates that Wynn Resorts Limited has been able to optimize the utilization of its fixed assets, possibly through operational efficiencies, better asset management, or increased revenue generation per fixed asset. Investors and stakeholders may view this positively as it signifies the company's capacity to generate higher sales relative to its investment in fixed assets. It is important for the company to sustain this trend in order to continue maximizing its profitability and operational effectiveness.