Caesars Entertainment Corporation (CZR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,218,000 | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 |
| Total assets | US$ in thousands | 32,590,000 | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 |
| Total asset turnover | 0.34 | 0.27 | 0.25 | 0.19 | 0.06 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,218,000K ÷ $32,590,000K
= 0.34
Total asset turnover measures how efficiently a company generates revenue from its total assets. In the case of Caesars Entertainment Corporation, the total asset turnover has shown a positive trend over the years. It increased from 0.06 in December 31, 2020, to 0.34 in December 31, 2024. This indicates that the company has become increasingly efficient in utilizing its assets to generate revenue. The significant improvement in total asset turnover suggests that Caesars Entertainment Corporation has been able to increase its sales relative to its total assets, which is a positive indicator of operational efficiency and effective asset management. This trend may reflect improvements in the company's operations, better management of assets, or strategic initiatives that have enhanced its revenue generation capabilities.
Peer comparison
Dec 31, 2024