Wynn Resorts Limited (WYNN)

Total 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
Total assets	US$ in thousands	13,996,200	13,336,300	13,783,700	13,724,000	13,415,100	11,779,300	11,788,500	12,179,300	12,530,800	12,607,700	13,022,700	13,166,900	13,869,500	13,967,100	14,885,700	14,273,300	13,871,300	13,277,100	13,165,300	13,161,200
Total asset turnover		0.43	0.39	0.32	0.27	0.25	0.29	0.30	0.29	0.27	0.24	0.18	0.11	0.12	0.19	0.26	0.38	0.45	0.48	0.49	0.50

December 31, 2023 calculation

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

The total asset turnover ratio for Wynn Resorts Ltd. has shown fluctuation over the past eight quarters, ranging from 0.28 to 0.47. This ratio measures the efficiency with which the company generates revenue relative to its total assets.

A higher total asset turnover ratio indicates that the company is utilizing its assets more efficiently to generate sales. In this case, a ratio of 0.47 in Q4 2023 suggests that Wynn Resorts Ltd. generated $0.47 in revenue for each dollar of total assets during that quarter, showing improved asset utilization compared to previous quarters.

On the other hand, lower ratios such as 0.28 in Q4 2022 indicate that the company was less effective in generating sales relative to its assets during that period.

It is important for investors and analysts to closely monitor the total asset turnover ratio as it provides insights into the company's operational efficiency and asset management strategy. Overall, the trend in Wynn Resorts Ltd.'s total asset turnover ratio indicates variability in how effectively it is deploying its assets to generate revenue.