Caesars Entertainment Corporation (CZR)

Fixed 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	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	2,411,144	2,274,406	2,135,269
Property, plant and equipment	US$ in thousands	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	2,635,110	2,713,800	2,870,120
Fixed asset turnover		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	0.92	0.84	0.74

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,002,000K ÷ $14,687,000K
= 0.61

Caesars Entertainment Inc's fixed asset turnover has remained relatively stable around 0.78 for the past four quarters of 2023. This indicates that the company generated approximately $0.78 in revenue for every dollar invested in fixed assets during this period. Comparing to the previous year, there has been a slight improvement in efficiency as the fixed asset turnover has increased from 0.72 in Q2 2022 to 0.78 in Q4 2023. This suggests that Caesars Entertainment Inc is utilizing its fixed assets more efficiently to generate revenue. However, it is important to further assess the company's fixed asset management and operational efficiency to ensure sustained growth and profitability.