Six Flags Entertainment Corporation (FUN)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 34.51% | 90.96% | 91.60% | 84.58% | 91.44% |
| Operating profit margin | 19.27% | 20.83% | 11.08% | -253.30% | 20.98% |
| Pretax margin | 9.60% | 20.45% | -2.13% | -401.07% | 14.59% |
| Net profit margin | 6.93% | 16.93% | -3.63% | -325.10% | 11.69% |
Six Flags Entertainment Corporation's profitability ratios have displayed significant fluctuations over the past five years. The gross profit margin has been volatile, declining from highs in 2021 and 2022 to a lower level in 2023. This indicates a decrease in the company's ability to generate profits from its revenue after accounting for the cost of goods sold.
The operating profit margin has also shown variability, with a notable decrease in 2020 and a subsequent recovery in 2021 and 2022, followed by a slight decline in 2023. This highlights fluctuations in the company's ability to control operating expenses and generate profits from its core operations.
The pretax margin has exhibited the most dramatic changes, with significant losses in 2020 and 2021, followed by positive margins in 2022 and 2023. This suggests challenges in managing operating costs and non-operating expenses, leading to varying levels of profitability before taxes.
The net profit margin has experienced similar fluctuations, with losses in 2020 and 2021, followed by positive margins in 2022 and 2023. This reflects the impact of taxes and other adjustments on the company's bottom line profitability over the years.
Overall, Six Flags Entertainment Corporation's profitability ratios demonstrate a mixed performance, indicating the company's ongoing efforts to improve operational efficiency and financial performance in a challenging industry environment.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 15.18% | 16.93% | 6.41% | -17.07% | 11.99% |
| Return on assets (ROA) | 5.46% | 13.76% | -2.10% | -21.91% | 6.68% |
| Return on total capital | — | 117.11% | 1,780.72% | -17,677.49% | 4,981.95% |
| Return on equity (ROE) | — | 95.17% | -542.52% | -22,710.39% | 1,768.57% |
Six Flags Entertainment Corporation's profitability ratios show mixed performance over the past five years. The operating return on assets (Operating ROA) has fluctuated, with a peak of 16.93% in 2022 and a low of -17.07% in 2020. The positive Operating ROA values indicate the company's ability to generate operating income from its assets, though there was a significant decline in 2021.
The return on assets (ROA) also fluctuated, with a high of 13.76% in 2022 and a low of -21.91% in 2020. This ratio reflects the company's overall profitability in relation to its total assets, with positive values indicating effective asset utilization.
The return on total capital shows extreme variability, ranging from exceptionally high values in 2021 and 2019 to highly negative values in 2020 and 2018. This ratio reflects the return generated on all capital invested in the company, including debt and equity.
The return on equity (ROE) has been volatile, with a high of 95.17% in 2022 and extremely low or negative values in prior years. ROE measures the return on shareholder equity and indicates the company's profitability from the perspective of its equity investors.
Overall, Six Flags Entertainment Corporation's profitability ratios show a mixed performance trend over the past five years, suggesting fluctuations in operational efficiency and profitability levels. Further analysis and comparison with industry benchmarks would provide deeper insights into the company's financial health and performance.