Caesars Entertainment Corporation (CZR)
Net profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 786,000 | 710,000 | 688,000 | -355,000 | -899,000 | -1,185,000 | -1,470,000 | -1,276,000 | -1,019,000 | -1,140,000 | -1,833,000 | -2,004,000 | -1,757,000 | -1,215,219 | -252,219 | -133,283 | 80,946 | 94,045 | 94,749 | 112,609 |
| 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 |
| Net profit margin | 8.73% | 7.96% | 7.81% | -4.04% | -10.58% | -14.28% | -18.38% | -16.72% | -14.51% | -17.39% | -29.44% | -45.80% | -48.29% | -44.45% | -15.32% | -6.19% | 3.47% | 3.90% | 4.17% | 5.27% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $786,000K ÷ $9,002,000K
= 8.73%
Caesars Entertainment Inc's net profit margin has shown improvement over the past four quarters, with an upward trend from Q1 2022 to Q4 2023. In Q4 2023, the net profit margin stood at 6.82%, indicating that the company retained approximately 6.82 cents of each dollar of revenue generated as profit after accounting for all expenses. This represents a substantial increase from the negative net profit margin of -3.13% in Q1 2023.
The consistent improvement in net profit margin over the quarters suggests that Caesars Entertainment Inc has been effectively managing its costs and operational efficiency to enhance profitability. However, it's worth noting that the net profit margin was significantly negative in previous quarters, particularly in Q2 2022 (-14.02%) and Q3 2022 (-11.09%), indicating challenges faced by the company during that period.
Overall, the recent positive trend in net profit margin indicates a positive financial performance for Caesars Entertainment Inc, reflecting its ability to generate profits from its operations after covering all expenses.
Peer comparison
Dec 31, 2023