Caesars Entertainment Corporation (CZR)
Working capital 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 current assets | US$ in thousands | 1,747,000 | 1,900,000 | 1,737,000 | 2,045,000 | 1,860,000 | 2,127,000 | 2,011,000 | 2,102,000 | 1,936,000 | 4,900,000 | 5,120,000 | 5,964,000 | 5,925,000 | 6,316,000 | 6,562,000 | 6,063,000 | 6,298,000 | 1,534,740 | 1,242,410 | 605,000 |
| Total current liabilities | US$ in thousands | 2,272,000 | 2,267,000 | 2,535,000 | 2,690,000 | 2,561,000 | 2,717,000 | 2,377,000 | 2,668,000 | 2,426,000 | 4,897,000 | 5,145,000 | 5,297,000 | 4,978,000 | 5,452,000 | 2,504,000 | 2,513,000 | 2,470,000 | 476,002 | 771,008 | 688,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 2,666.67 | — | 10.53 | 6.92 | 7.21 | 1.08 | 1.03 | 0.71 | 1.56 | 4.57 | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,022,000K ÷ ($1,747,000K – $2,272,000K)
= —
The working capital turnover ratio of Caesars Entertainment Corporation has shown fluctuations over the reported periods.
- The ratio was not available for December 31, 2019, and March 31, 2022, indicating potential data unavailability or specific circumstances affecting the calculation at those points in time.
- In March 2020, the ratio was 4.57, indicating that the company generated $4.57 in revenue for every dollar of working capital invested.
- However, in subsequent quarters, the ratio decreased significantly, reaching its lowest point of 0.71 on September 30, 2020. This may indicate inefficiencies in managing working capital during that period.
- From December 31, 2020, to March 31, 2021, the ratio increased but remained relatively low at around 1. This suggests that the company was still not efficiently utilizing its working capital.
- The ratios for June 30, 2021, and September 30, 2021, saw a remarkable increase to 7.21 and 6.92, respectively. This surge may indicate a significant improvement in the company's working capital management efficiency.
- The ratio spiked to 10.53 on December 31, 2021, signaling a potentially excellent utilization of working capital and strong revenue generation.
- There is a noticeable anomaly on June 30, 2022, where the ratio is exceptionally high at 2,666.67, which is likely a data error or anomaly requiring further investigation.
- Furthermore, the data points for the periods after December 31, 2021, show "—", suggesting that the working capital turnover ratios are not available for those periods, potentially due to lack of reported financial information.
In conclusion, the working capital turnover ratio for Caesars Entertainment Corporation has exhibited variability over the reported periods, indicating fluctuations in the company's efficiency in generating revenue from its working capital. It is essential for the company to maintain a balance in working capital management to support its operational activities effectively.
Peer comparison
Dec 31, 2024