Caesars Entertainment Corporation (CZR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,472,000 | 1,739,000 | 1,460,000 | -383,000 | 410,000 |
| Revenue | US$ in thousands | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 | 2,284,080 |
| Operating profit margin | 27.46% | 20.47% | 20.55% | -17.06% | 17.95% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,472,000K ÷ $9,002,000K
= 27.46%
Caesars Entertainment Inc's operating profit margin has displayed variability over the past five years, with values ranging from a low of -6.39% in 2020 to a high of 22.15% in 2023. The company experienced a significant negative operating profit margin in 2020, indicating that its operating expenses exceeded its revenue during that period. However, the margin rebounded strongly in subsequent years, reaching 22.15% in 2023, suggesting efficient cost management and/or revenue growth.
The operating profit margin was relatively stable around the range of 17-18% in 2019, 2021, and 2022, indicating consistent profitability levels during those years. The increase in the operating profit margin in 2023 may reflect improved operational efficiency, higher revenues, or a combination of both. It is essential for investors and stakeholders to monitor Caesars Entertainment Inc's operating profit margin over time to assess the company's ability to control costs and generate profits from its core operations.
Peer comparison
Dec 31, 2023