Wynn Resorts Limited (WYNN)
Total 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 |
| Total assets | US$ in thousands | 12,978,000 | 13,996,200 | 13,415,100 | 12,530,800 | 13,869,500 |
| Total asset turnover | 0.57 | 0.43 | 0.25 | 0.27 | 0.12 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,372,660K ÷ $12,978,000K
= 0.57
The total asset turnover of Wynn Resorts Limited has shown a significant improvement over the years, increasing from 0.12 in December 31, 2020, to 0.57 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets as time progresses. However, there was a slight dip in 2022 compared to 2021, which then recovered and continued to increase. This improvement suggests that Wynn Resorts has been more efficient in utilizing its assets to generate sales, reflecting positively on its operational efficiency and potentially indicating effective management of assets to drive revenue growth. Overall, the trend in total asset turnover signifies a strengthening operational performance and efficiency for Wynn Resorts Limited.
Peer comparison
Dec 31, 2024