Caesars Entertainment Corporation (CZR)

Total 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
Total assets	US$ in thousands	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	6,081,240	6,082,000	5,640,550
Total asset turnover		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	0.40	0.37	0.38

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,002,000K ÷ $33,366,000K
= 0.27

Caesars Entertainment Inc's total asset turnover has been relatively stable in the past eight quarters, ranging from 0.27 to 0.35. This ratio indicates that, on average, the company generates sales revenue of between 27% and 35% of its total assets each quarter. The consistency in total asset turnover suggests that Caesars is efficiently utilizing its assets to generate revenue over time. It is important to monitor this ratio periodically to ensure that the company continues to effectively utilize its assets to drive sales and profitability.