Caesars Entertainment Corporation (CZR)
Working capital 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 current assets | US$ in thousands | 1,747,000 | 2,045,000 | 2,102,000 | 5,964,000 | 6,063,000 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,690,000 | 2,668,000 | 5,297,000 | 2,513,000 |
| Working capital turnover | — | — | — | 10.65 | 0.63 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,218,000K ÷ ($1,747,000K – $2,272,000K)
= —
The working capital turnover for Caesars Entertainment Corporation has displayed significant variation over the years. In 2020, the working capital turnover was 0.63, indicating that the company generated 0.63 in revenue for every dollar of working capital. This ratio increased substantially to 10.65 in 2021, suggesting a significant improvement in the efficiency of utilizing working capital to generate revenue.
However, data for the years 2022, 2023, and 2024 is unavailable (denoted by "—"), making it challenging to assess the trend in working capital turnover beyond 2021. This lack of data limits our ability to evaluate the company's recent performance in terms of working capital efficiency.
Overall, the notable increase in working capital turnover from 2020 to 2021 reflects a potential enhancement in the company's ability to generate revenue relative to its working capital. Further analysis in subsequent years would be required to assess the sustainability of this improvement and its impact on Caesars Entertainment Corporation’s overall financial performance.
Peer comparison
Dec 31, 2024