Wynn Resorts Limited (WYNN)

Working capital 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 current assets US$ in thousands 2,921,680 4,241,620 4,029,590 2,875,920 3,813,150
Total current liabilities US$ in thousands 1,539,530 2,200,450 1,811,420 1,287,880 1,880,890
Working capital turnover 5.33 2.96 1.49 2.12 0.86

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,372,660K ÷ ($2,921,680K – $1,539,530K)
= 5.33

The working capital turnover of Wynn Resorts Limited has shown a significant improvement over the years, indicating a more efficient management of its working capital.

In 2020, the working capital turnover was 0.86, which suggests that the company generated only $0.86 in revenue for every $1 of working capital invested. However, by the end of 2024, the working capital turnover had increased to 5.33, indicating that the company was able to generate $5.33 in revenue for every $1 of working capital employed.

This upward trend in working capital turnover reflects an improvement in the company's ability to efficiently utilize its working capital to generate revenue. It suggests that Wynn Resorts has been able to optimize its current assets and liabilities more effectively over the years, leading to a more favorable financial performance.