Caesars Entertainment Corporation (CZR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 6,081,240 | 6,082,000 | 5,640,550 |
| Operating ROA | 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% | 7.20% | 6.65% | 6.73% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,472,000K ÷ $33,366,000K
= 7.41%
Caesars Entertainment Inc's operating return on assets (operating ROA) has shown a positive trend over the past eight quarters. The operating ROA increased steadily from 3.73% in Q1 2022 to 7.65% in Q4 2023. This indicates that the company has been utilizing its assets more efficiently to generate operating income during this period.
The company's ability to generate operating income relative to its assets has improved consistently, reaching a peak of 7.81% in Q3 2023. This upward trend in operating ROA suggests that Caesars Entertainment Inc has been effectively managing its operations and assets to drive profitability.
Overall, the progressive increase in operating ROA reflects positively on Caesars Entertainment Inc's operational efficiency and performance in utilizing its assets to generate income over the analyzed quarters.
Peer comparison
Dec 31, 2023