Caesars Entertainment Corporation (CZR)

Operating 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
Operating income (ttm)	US$ in thousands	2,472,000	2,424,000	2,359,000	2,352,000	1,739,000	1,373,000	1,246,000	1,234,000	1,460,000	1,288,000	625,000	-44,000	-383,000	-274,088	-18,088	163,462	410,066	437,880	404,649	379,513
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
Operating profit margin		27.46%	27.19%	26.78%	26.76%	20.47%	16.55%	15.58%	16.17%	20.79%	19.65%	10.04%	-1.01%	-10.53%	-10.03%	-1.10%	7.59%	17.59%	18.16%	17.79%	17.77%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,472,000K ÷ $9,002,000K
= 27.46%

Caesars Entertainment Inc's operating profit margin has shown a consistent upward trend in 2023, with margins ranging from 22.15% to 22.53%. This indicates that the company is effectively controlling its operating expenses and generating a higher percentage of profit from its operations. Comparing with the same period in 2022, the improvement is significant, as the margins were lower, ranging from 13.44% to 17.20%. This suggests that Caesars has been able to enhance its operational efficiency and profitability over time. The increasing trend in operating profit margin reflects positively on the company's financial performance and management effectiveness in recent quarters.