Caesars Entertainment Corporation (CZR)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,022,000 | 9,652,000 | 9,059,000 | 9,002,000 | 8,914,000 | 8,808,000 | 8,788,000 | 8,497,000 | 8,297,000 | 8,000,000 | 7,631,000 | 7,022,000 | 6,554,000 | 6,226,000 | 4,375,334 | 3,638,781 | 2,733,905 | 1,646,701 | 2,153,324 | 2,331,508 |
| Property, plant and equipment | US$ in thousands | 14,752,000 | 14,895,000 | 14,803,000 | 14,687,000 | 14,700,000 | 14,633,000 | 14,608,000 | 14,525,000 | 14,592,000 | 14,606,000 | 14,637,000 | 14,601,000 | 14,529,000 | 14,393,000 | 14,083,000 | 130,000 | 14,630,000 | 2,418,690 | 2,455,330 | 2,615,000 |
| Fixed asset turnover | 0.68 | 0.65 | 0.61 | 0.61 | 0.61 | 0.60 | 0.60 | 0.58 | 0.57 | 0.55 | 0.52 | 0.48 | 0.45 | 0.43 | 0.31 | 27.99 | 0.19 | 0.68 | 0.88 | 0.89 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,022,000K ÷ $14,752,000K
= 0.68
Caesars Entertainment Corporation's fixed asset turnover ratio has shown fluctuations over the past few years. The ratio was relatively stable around 0.89 in December 2019 and 0.88 in March 2020, indicating that the company was generating $0.89 in revenue for each dollar of fixed assets invested. However, there was a significant drop in the ratio to 0.19 in September 2020, possibly indicating inefficiencies in utilizing fixed assets to generate revenue.
The ratio dramatically spiked to 27.99 in December 2020, which seems like an anomaly or an error in data recording. Subsequently, the ratio decreased to more reasonable levels, ranging from 0.31 to 0.68 until December 2024. This variability may suggest changes in the company's asset utilization efficiency or shifts in revenue generation capabilities.
Overall, the trend in Caesars Entertainment Corporation's fixed asset turnover ratio shows some fluctuations but generally hovers around 0.50 in recent periods, indicating that the company is generating around $0.50 in revenue for each dollar of fixed assets. Monitoring this ratio over time can provide insights into the company's ability to efficiently utilize its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024