Wynn Resorts Limited (WYNN)

Total 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
Total assets	US$ in thousands	12,978,000	14,111,400	13,289,800	13,470,700	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
Total asset turnover		0.57	0.47	0.50	0.48	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,372,650K ÷ $12,978,000K
= 0.57

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. For Wynn Resorts Limited, the total asset turnover has exhibited fluctuating trends over the past few years.

From March 31, 2020, to December 31, 2020, the total asset turnover ratio declined steadily from 0.38 to 0.12, indicating a decrease in the company's efficiency in utilizing its assets to generate revenue.

However, starting from March 31, 2021, there was a slight improvement in the ratio, witnessing an increase to 0.11, and the trend continued to improve through June 30, 2024, where the total asset turnover reached its peak at 0.57.

Overall, the increasing trend in the total asset turnover ratio suggests that Wynn Resorts Limited has been more efficient in generating revenue from its assets in recent years, which can be seen as a positive indicator of the company's operational performance and financial health.