Caesars Entertainment Corporation (CZR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -278,000 | 786,000 | -899,000 | -1,019,000 | -1,757,000 |
| Total assets | US$ in thousands | 32,590,000 | 33,366,000 | 33,527,000 | 38,031,000 | 36,385,000 |
| ROA | -0.85% | 2.36% | -2.68% | -2.68% | -4.83% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-278,000K ÷ $32,590,000K
= -0.85%
Caesars Entertainment Corporation's return on assets (ROA) depicts the company's efficiency in generating profits relative to its total assets. The ROA for Caesars has shown fluctuations over the years.
In December 2020, the ROA was -4.83%, indicating that the company was incurring a loss in relation to its asset base. By December 2021, although the ROA improved to -2.68%, it still reflected challenges in profitability.
However, there was a positive shift in December 2023, with the ROA increasing to 2.36%, signifying a more efficient use of assets to generate earnings. This positive trend reversed in December 2024, as the ROA decreased to -0.85%.
Overall, Caesars Entertainment Corporation's ROA has been inconsistent, displaying both negative and positive figures over the analyzed period. It is essential for the company to focus on optimizing asset utilization to enhance profitability and financial performance in the future.
Peer comparison
Dec 31, 2024