Wynn Resorts Limited (WYNN)

Total 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
Total assets	US$ in thousands	13,996,200	13,415,100	12,530,800	13,869,500	13,871,300
Total asset turnover		0.43	0.25	0.27	0.12	0.45

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $6,041,540K ÷ $13,996,200K
= 0.43

The total asset turnover ratio measures a company's ability to generate revenues from its assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate sales.

In the case of Wynn Resorts Ltd., the total asset turnover has fluctuated over the past five years. In 2023, the total asset turnover ratio was 0.47, showing an improvement from the previous year's ratio of 0.28. This indicates that the company was able to generate more revenue for each dollar of assets held in 2023.

Comparing to previous years, Wynn Resorts Ltd. had a significantly low total asset turnover ratio in 2020 at 0.15, which might suggest inefficiencies in utilizing assets to generate sales. However, the ratio improved in 2021 and 2022 before reaching its highest point in 2023.

Overall, the trend in the total asset turnover ratio for Wynn Resorts Ltd. indicates varying levels of asset utilization efficiency over the past five years. It would be important to further investigate the factors driving these fluctuations to assess the company's operational performance and strategic decisions.