Wynn Resorts Limited (WYNN)

Fixed asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 7,372,650 6,666,970 6,588,390 6,448,030 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
Property, plant and equipment US$ in thousands 6,521,280 6,517,830 6,492,580 6,606,520 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
Fixed asset turnover 1.13 1.02 1.01 0.98 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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,372,650K ÷ $6,521,280K
= 1.13

The fixed asset turnover ratio for Wynn Resorts Limited has shown a fluctuating trend over the past few years. Starting from 0.57 in March 2020, the ratio decreased to 0.18 by the end of December 2020, implying a decline in the efficiency of utilizing fixed assets to generate revenue during that period.

However, there was a gradual improvement in the ratio in the following quarters, reaching 0.66 by June 2023 and continuing to increase steadily. This indicates that the company has been able to enhance its utilization of fixed assets to generate more sales over time.

By the end of December 2024, the fixed asset turnover ratio stood at 1.13, reflecting a significant improvement in the efficiency of using fixed assets to drive revenue generation for Wynn Resorts Limited. This suggests that the company has been able to effectively leverage its fixed assets to increase sales and profitability.

Overall, the increasing trend in the fixed asset turnover ratio indicates an improvement in operational efficiency and effectiveness in generating revenue from the company's fixed asset base.