Caesars Entertainment Corporation (CZR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,334,000 | 2,389,000 | 2,354,000 | 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 |
| Total assets | US$ in thousands | 32,590,000 | 32,969,000 | 33,059,000 | 33,366,000 | 33,229,000 | 33,478,000 | 33,349,000 | 33,527,000 | 33,594,000 | 36,670,000 | 37,073,000 | 38,031,000 | 38,962,000 | 38,816,000 | 36,019,000 | 36,385,000 | 36,239,000 | 6,148,450 | 5,891,170 | 5,641,000 |
| Operating ROA | 7.16% | 7.25% | 7.12% | 7.41% | 7.29% | 7.05% | 7.05% | 5.19% | 4.09% | 3.40% | 3.33% | 3.84% | 3.31% | 1.61% | -0.12% | -1.05% | -0.76% | -0.29% | 2.77% | 7.27% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,334,000K ÷ $32,590,000K
= 7.16%
Operating return on assets (Operating ROA) is a key financial ratio that measures a company's operating income generated relative to its total assets. A higher operating ROA indicates better efficiency in utilizing assets to generate income.
Analyzing the operating ROA trend of Caesars Entertainment Corporation from December 2019 to December 2024 shows fluctuations in performance. The ratio started at 7.27% in December 2019, declined to the lowest point of -1.05% in December 2020, and then gradually improved to 7.16% by December 2024.
During this period, there were both positive and negative trends in the company's operating ROA. The ratio saw a significant improvement from negative figures in mid-2020 to positive values above 3% in the following quarters. This improvement suggests that Caesars Entertainment Corporation enhanced its operating efficiency and profitability over time.
Overall, the upward trend in operating ROA from 2019 to 2024 indicates that Caesars Entertainment Corporation made effective use of its assets to generate operating income. This steady improvement is a positive sign for investors, as it reflects the company's ability to generate profits relative to its asset base, thereby enhancing shareholder value.
Peer comparison
Dec 31, 2024