Caesars Entertainment Corporation (CZR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 | 5,641,000 |
| Operating ROA | 7.41% | 5.19% | 3.84% | -1.05% | 7.27% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,472,000K ÷ $33,366,000K
= 7.41%
Caesars Entertainment Inc's operating return on assets (operating ROA) has fluctuated over the past five years, as evidenced by the data provided. In 2023, the operating ROA improved to 7.65%, showing a positive trend compared to the previous year. This indicates that the company generated $0.0765 in operating income for every $1 of assets in 2023.
In 2022, the operating ROA was 5.55%, which was higher than the year 2021 when it stood at 4.49%. The negative operating ROA of -0.61% in 2020 suggests that the company experienced operating losses relative to its asset base in that year. However, Caesars Entertainment Inc rebounded strongly in 2019 with an operating ROA of 7.91%.
Overall, the fluctuation in Caesars Entertainment Inc's operating ROA over the past five years indicates varying levels of operational efficiency and profitability in utilizing its assets to generate operating income. The increasing trend from 2020 to 2023 suggests improved performance in recent years.
Peer comparison
Dec 31, 2023