Wynn Resorts Limited (WYNN)

Working capital 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 current assets	US$ in thousands	2,921,680	4,190,670	3,372,510	3,770,910	4,241,620	4,031,180	4,351,760	4,253,280	4,029,590	2,323,410	2,371,210	2,665,610	2,875,920	2,855,890	3,215,090	3,249,770	3,813,150	3,869,480	4,236,380	3,415,360
Total current liabilities	US$ in thousands	1,539,530	2,743,300	2,601,030	2,633,120	2,200,450	1,514,030	1,346,050	1,370,920	1,811,420	1,635,040	1,617,270	1,154,250	1,287,880	1,286,590	2,538,300	1,369,880	1,880,890	1,688,700	1,869,850	1,884,840
Working capital turnover		5.33	4.61	8.54	5.67	2.96	2.05	1.48	1.31	1.49	4.91	4.64	2.37	2.12	1.91	3.48	0.78	0.86	1.20	1.64	3.55

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,372,650K ÷ ($2,921,680K – $1,539,530K)
= 5.33

The working capital turnover ratio for Wynn Resorts Limited has fluctuated over the past few years, indicating changes in the efficiency of the company's management of its working capital.

In March 2020, the ratio was 3.55, indicating that the company generated $3.55 in revenue for every $1 of working capital invested. This ratio declined to 0.78 in March 2021 but then showed an improving trend, reaching 5.67 in March 2024.

The significant increase in the working capital turnover from June 2024 (8.54) to September 2024 (4.61), followed by a rise to 5.33 by December 2024, suggests possible fluctuations in the company's working capital efficiency.

Overall, while the company's working capital turnover ratio has shown variability, the recent increase in the ratio may indicate improved efficiency in managing working capital, which could lead to better financial performance in the future.