Caesars Entertainment Corporation (CZR)
Working capital 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 current assets | US$ in thousands | 2,045,000 | 2,102,000 | 5,964,000 | 6,063,000 | 605,000 |
| Total current liabilities | US$ in thousands | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 | 688,000 |
| Working capital turnover | — | — | 10.65 | 0.63 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,002,000K ÷ ($2,045,000K – $2,690,000K)
= —
Working capital turnover is a financial ratio that indicates how efficiently a company is using its working capital to generate revenue. The ratio is calculated as Revenue divided by Average Working Capital.
Looking at the data provided for Caesars Entertainment Inc, we can see that the working capital turnover was not available for the years 2023 and 2019. However, for the years 2021, 2020, and 2019, the working capital turnover was 14.35, 0.85, and unavailable, respectively.
In 2021, the working capital turnover was relatively high at 14.35, indicating that the company generated $14.35 in revenue for every dollar of working capital invested. This suggests that Caesars Entertainment Inc efficiently utilized its working capital to generate revenue during that year.
Conversely, in 2020, the working capital turnover was notably lower at 0.85, suggesting that the company generated only $0.85 in revenue for every dollar of working capital. This could indicate a less efficient use of working capital in generating revenue during that period.
As the working capital turnover was not available for 2023 and 2019, it is difficult to provide a detailed analysis for those years. However, based on the available data, the trend in working capital turnover for Caesars Entertainment Inc indicates variations in the efficiency of working capital utilization over the years, which could be attributed to changes in the company's operational performance and financial management strategies.
Peer comparison
Dec 31, 2023