Wynn Resorts Limited (WYNN)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	6,041,540	5,159,544	4,442,929	3,766,258	3,310,708	3,379,932	3,498,822	3,587,922	3,358,884	3,004,247	2,352,118	1,472,938	1,656,562	2,608,751	3,887,865	5,432,936	6,181,410	6,325,140	6,515,400	6,558,940
Property, plant and equipment	US$ in thousands	6,688,480	6,730,800	6,771,320	6,826,030	6,896,060	8,498,810	8,596,650	8,670,730	8,765,310	8,859,160	8,925,390	9,050,180	9,196,640	9,313,070	9,415,310	9,539,410	9,623,830	9,621,270	9,640,700	9,361,910
Fixed asset turnover		0.90	0.77	0.66	0.55	0.48	0.40	0.41	0.41	0.38	0.34	0.26	0.16	0.18	0.28	0.41	0.57	0.64	0.66	0.68	0.70

December 31, 2023 calculation

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

Based on the data provided, Wynn Resorts Ltd.'s fixed asset turnover has been gradually increasing over the recent quarters, reflecting an improvement in the efficiency with which the company is generating revenue from its fixed assets. The fixed asset turnover ratio indicates how well a company is utilizing its fixed assets to generate sales, with a higher ratio indicating better efficiency.

In Q4 2023, the fixed asset turnover ratio stood at 0.98, meaning that Wynn Resorts generated $0.98 in revenue for every dollar invested in fixed assets during that period. This represents a significant increase from the ratio of 0.54 in Q4 2022, indicating a considerable improvement in asset utilization efficiency over the past year.

The upward trend in the fixed asset turnover ratio suggests that Wynn Resorts has been able to generate more revenue relative to its investments in fixed assets, which could be attributed to improved operational efficiency, better asset management, or increased sales volume. Overall, the increasing trend in the fixed asset turnover ratio is a positive sign of improved operational performance and effective utilization of fixed assets by Wynn Resorts Ltd.