Caesars Entertainment Corporation (CZR)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 | 2,284,080 |
| Total assets | US$ in thousands | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 | 5,641,000 |
| Total asset turnover | 0.27 | 0.25 | 0.19 | 0.06 | 0.40 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,002,000K ÷ $33,366,000K
= 0.27
The total asset turnover of Caesars Entertainment Inc has fluctuated over the past five years, ranging from 0.10 in 2020 to 0.45 in 2019. A lower total asset turnover indicates that the company is generating less revenue relative to its total assets, which may imply inefficiency in asset utilization. Conversely, a higher total asset turnover suggests that the company is generating more revenue per dollar of assets, indicating better asset efficiency.
In 2021, the total asset turnover was 0.25, showing an improvement compared to the previous year. This increase suggests that Caesars Entertainment Inc was able to generate more revenue relative to its total assets in 2021. However, the ratio decreased slightly in 2022 to 0.32 before dropping further to 0.35 in 2023.
Overall, the trend in total asset turnover for Caesars Entertainment Inc indicates some fluctuations, with variations in how effectively the company is utilizing its assets to generate revenue. It would be important for the company to closely evaluate and optimize its asset management strategies to improve efficiency and profitability in the future.
Peer comparison
Dec 31, 2023