Caesars Entertainment Corporation (CZR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 1,126,780 | 1,085,520 | 1,063,260 |
| ROE | 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% | 8.35% | 8.73% | 10.59% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $786,000K ÷ $4,552,000K
= 17.27%
Caesars Entertainment Inc's return on equity (ROE) has shown fluctuations over the past eight quarters. In Q4 2023, the ROE was 17.27%, indicating a strong performance in generating profits relative to shareholders' equity. This marks an improvement from the previous quarter's ROE of 15.42%.
Looking back, there was a significant improvement in performance compared to Q1 2023, where the ROE was negative at -9.87%, indicating a loss relative to equity. In fact, Q1 2023 was the only quarter of the past eight where the company reported a negative ROE.
The ROE for the prior quarters in 2022 also experienced fluctuations, with Q2 and Q3 2022 showing particularly low returns on equity at -40.29% and -30.88%, respectively.
Overall, the recent quarter's ROE of 17.27% reflects a positive trend, suggesting that Caesars Entertainment Inc is currently more efficient at generating profits from its shareholders' equity compared to previous quarters. It is essential for stakeholders to continue monitoring the company's performance to assess its long-term profitability and sustainability.
Peer comparison
Dec 31, 2023