Wynn Resorts Limited (WYNN)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	6,041,540	3,310,710	3,369,780	1,656,560	6,181,400
Property, plant and equipment	US$ in thousands	6,688,480	6,896,060	8,765,310	9,196,640	9,623,830
Fixed asset turnover		0.90	0.48	0.38	0.18	0.64

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,041,540K ÷ $6,688,480K
= 0.90

From the provided data, we can see that Wynn Resorts Ltd.'s fixed asset turnover has fluctuated over the past five years. The fixed asset turnover ratio indicates how effectively the company is utilizing its fixed assets to generate revenue.

In 2023, the fixed asset turnover ratio improved to 0.98, suggesting that the company generated $0.98 in revenue for every dollar invested in fixed assets. This increase could indicate better efficiency in asset utilization or potentially increased revenue generation from the existing asset base.

In 2022, the ratio was 0.54, indicating a decrease compared to the previous year. This could be a sign of less effective asset utilization or a decline in revenue generated from fixed assets.

The ratio further decreased to 0.43 in 2021, showing a continued decline in efficiency in generating revenue from fixed assets.

In 2020, the ratio was 0.23, representing a significant decrease compared to the previous year. This suggests a substantial decline in revenue generation relative to the fixed assets invested.

However, in 2019, the ratio improved to 0.69, indicating a better utilization of fixed assets to generate revenue compared to the preceding year.

Overall, the fluctuation in Wynn Resorts Ltd.'s fixed asset turnover ratios over the past five years suggests varying levels of efficiency in utilizing fixed assets to generate revenue. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational performance and asset management strategies.