Caesars Entertainment Corporation (CZR)

Return on assets (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
Net income (ttm)	US$ in thousands	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	94,045	94,749	112,609
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
ROA		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%	1.55%	1.56%	2.00%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $786,000K ÷ $33,366,000K
= 2.36%

Caesars Entertainment Inc's return on assets (ROA) has shown improvement over the past few quarters. In Q4 2023, the ROA stood at 2.36%, an increase from the previous quarter's 2.14%. This indicates that the company generated 2.36 cents of profit for every dollar of assets it holds.

The trend of improvement in ROA is notable, especially when compared to the negative ROA values reported in the earlier quarters of 2023 and in the corresponding quarters of 2022. This positive trend suggests that the company's profitability has been improving and that it is utilizing its assets more efficiently to generate earnings.

Overall, the recent positive ROA values reflect well on Caesars Entertainment Inc's financial performance, indicating that the company is effectively utilizing its assets to generate profit. The management and stakeholders may view this improvement as a positive sign of operational efficiency and financial health.