Caesars Entertainment Corporation (CZR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 786,000 | -899,000 | -1,019,000 | -1,757,000 | 81,000 |
| Total assets | US$ in thousands | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 | 5,641,000 |
| ROA | 2.36% | -2.68% | -2.68% | -4.83% | 1.44% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $786,000K ÷ $33,366,000K
= 2.36%
Caesars Entertainment Inc's return on assets (ROA) has fluctuated over the past five years, ranging from -4.83% in 2020 to 2.36% in 2023. ROA measures the company's ability to generate profits from its assets, with a higher percentage indicating greater efficiency in utilizing assets to generate earnings.
The negative ROA in 2020 and 2021 indicates that the company was not effective in generating profit relative to its asset base during those years. However, the positive ROA in 2019 and 2023 shows an improvement in the company's profitability efficiency.
Overall, the ROA trend suggests that Caesars Entertainment Inc has experienced mixed performance in terms of generating returns from its assets in recent years, with room for further analysis and evaluation to determine the factors driving these fluctuations.
Peer comparison
Dec 31, 2023