Caesars Entertainment Corporation (CZR)
Total 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 |
| Total assets | US$ in thousands | 32,590,000 | 32,969,000 | 33,059,000 | 33,366,000 | 33,229,000 | 33,478,000 | 33,349,000 | 33,527,000 | 33,594,000 | 36,670,000 | 37,073,000 | 38,031,000 | 38,962,000 | 38,816,000 | 36,019,000 | 36,385,000 | 36,239,000 | 6,148,450 | 5,891,170 | 5,641,000 |
| Total asset turnover | 0.31 | 0.29 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.25 | 0.25 | 0.22 | 0.21 | 0.18 | 0.17 | 0.16 | 0.12 | 0.10 | 0.08 | 0.27 | 0.37 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,022,000K ÷ $32,590,000K
= 0.31
Caesars Entertainment Corporation's total asset turnover has shown fluctuations over the years, reflecting its efficiency in generating sales from its total assets. The ratios ranged from as low as 0.08 in September 2020 to as high as 0.31 in December 2024.
During the period under review, there was a general increasing trend in the total asset turnover ratio, indicating that the company was becoming more effective in utilizing its assets to generate revenue. This improvement suggests better asset management and operational efficiency.
The ratio reached its peak at 0.31 in December 2024, indicating that for every dollar of assets, Caesars Entertainment Corporation generated $0.31 in sales. This suggests that the company was able to efficiently turn its assets into revenue, potentially through improved operational processes or strategic investments.
Overall, the increasing trend in total asset turnover is a positive sign for Caesars Entertainment Corporation, as it suggests improving efficiency in utilizing its assets to drive revenue generation.
Peer comparison
Dec 31, 2024