Caesars Entertainment Corporation (CZR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 4,157,000 | 4,178,000 | 4,404,000 | 4,552,000 | 4,604,000 | 4,545,000 | 3,597,000 | 3,713,000 | 3,838,000 | 3,649,000 | 3,785,000 | 4,480,000 | 4,890,000 | 5,134,000 | 4,613,000 | 5,016,000 | 3,370,000 | 1,616,450 | 940,209 | 1,117,000 |
| ROE | -5.48% | -3.95% | 17.35% | 17.27% | 15.42% | 15.14% | -9.87% | -24.21% | -30.88% | -40.29% | -33.71% | -22.75% | -23.31% | -35.70% | -43.44% | -35.03% | -36.06% | -15.60% | -14.18% | 7.25% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-228,000K ÷ $4,157,000K
= -5.48%
Caesars Entertainment Corporation's return on equity (ROE) fluctuated significantly over the period from December 31, 2019, to December 31, 2024. The ROE started at a modest 7.25% in December 2019 but then turned negative, indicating financial difficulties. The negative trend continued through 2020 and early 2021, with ROE hitting lows of -43.44% in March 2021.
However, there was a notable improvement in the company's performance in late 2023, with ROE rebounding to 17.27% by December 31, 2023, and further increasing to 17.35% by March 31, 2024. This positive trend suggested a potential turnaround in the company's profitability and efficiency of generating returns on shareholder equity.
The return on equity took a negative turn again by the end of 2024, with ROE standing at -5.48% in December 31, 2024. This indicates that Caesars Entertainment Corporation may still be facing challenges in optimizing its shareholder equity for returns despite the temporary improvement witnessed in late 2023 and early 2024.
Peer comparison
Dec 31, 2024