Caesars Entertainment Corporation (CZR)
Working capital 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 current assets | US$ in thousands | 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 | 963,539 | 702,638 | 382,990 |
| Total current liabilities | US$ in thousands | 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 | 414,971 | 383,240 | 389,344 |
| Working capital turnover | — | — | — | — | — | — | 2,666.67 | — | 10.53 | 6.92 | 7.21 | 1.08 | 1.03 | 0.71 | 1.56 | 4.57 | — | 4.40 | 7.12 | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,002,000K ÷ ($2,045,000K – $2,690,000K)
= —
To analyze Caesars Entertainment Inc's working capital turnover, we need to calculate the ratio using the given data points. The formula for working capital turnover is Sales / Average Working Capital. As the values for Sales are not provided in the table, we will focus on working capital turnover figures reported in Q2 2022, which stands at 3,494.00.
To calculate the average working capital for Q2 2022, we would need the working capital figures for both Q1 and Q2 2022. As these values are not available, we are unable to compute the exact working capital turnover ratio for Q2 2022.
However, it is notable that a higher working capital turnover ratio indicates that the company efficiently utilizes its working capital to generate revenue. Therefore, Caesars Entertainment Inc's working capital turnover ratio of 3,494.00 in Q2 2022 suggests a strong operational efficiency in managing its working capital during that period, though a trend analysis with more data points would provide a more comprehensive assessment of its performance.
Peer comparison
Dec 31, 2023