Caesars Entertainment Corporation (CZR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -228,000 | -165,000 | 764,000 | 786,000 | 710,000 | 688,000 | -355,000 | -899,000 | -1,185,000 | -1,470,000 | -1,276,000 | -1,019,000 | -1,140,000 | -1,833,000 | -2,004,000 | -1,757,000 | -1,215,219 | -252,219 | -133,283 | 80,946 |
| 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 |
| ROA | -0.70% | -0.50% | 2.31% | 2.36% | 2.14% | 2.06% | -1.06% | -2.68% | -3.53% | -4.01% | -3.44% | -2.68% | -2.93% | -4.72% | -5.56% | -4.83% | -3.35% | -4.10% | -2.26% | 1.43% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-228,000K ÷ $32,590,000K
= -0.70%
Caesars Entertainment Corporation's return on assets (ROA) has fluctuated over the analyzed period, with negative ROA figures recorded in most quarters. The ROA was particularly low in the first half of 2020 and remained negative until the second half of 2023.
The negative trend in ROA suggests that the company's net income generated from its assets was insufficient to cover the overall asset base. This may indicate operational inefficiencies, declining profitability, or challenges in managing and utilizing its assets effectively.
However, there was a positive turnaround starting in the second half of 2023, with ROA figures gradually improving and turning positive. This improvement may indicate strategic changes, cost-cutting measures, or increased profitability, resulting in a better utilization of assets to generate earnings.
Overall, monitoring Caesars Entertainment Corporation's return on assets going forward will be crucial in assessing the company's financial performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2024