Six Flags Entertainment Corporation (FUN)
Operating return on assets (Operating ROA)
| Jun 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 382,928 | 338,153 | 332,363 | 330,424 | 315,916 | 334,314 | 369,855 | 349,487 | 307,125 | 156,621 | 148,335 | 10,421 | -376,448 | -480,103 | -572,008 | -446,353 | -33,917 | 210,415 | 309,439 | 331,972 |
| Total assets | US$ in thousands | 2,347,830 | 2,264,260 | 2,282,460 | 2,318,600 | 2,316,420 | 2,209,740 | 2,235,900 | 2,414,460 | 2,417,000 | 2,350,300 | 2,313,020 | 2,814,490 | 2,664,230 | 2,627,660 | 2,693,410 | 2,501,520 | 2,657,530 | 2,389,480 | 2,581,140 | 2,658,010 |
| Operating ROA | 16.31% | 14.93% | 14.56% | 14.25% | 13.64% | 15.13% | 16.54% | 14.47% | 12.71% | 6.66% | 6.41% | 0.37% | -14.13% | -18.27% | -21.24% | -17.84% | -1.28% | 8.81% | 11.99% | 12.49% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $382,928K ÷ $2,347,830K
= 16.31%
Six Flags Entertainment Corporation's operating return on assets (operating ROA) has exhibited fluctuating trends over the past few quarters. From Dec 2019 to Jun 2020, there was a gradual increase in operating ROA, peaking at 12.49%. However, there was a sharp decline in Sep 2020 to -1.28%, followed by a recovery in Dec 2020 to -17.84%. The trend continued to improve, reaching 14.25% by Sep 2023. Subsequently, there was a minor decline, but the operating ROA remained above 14% until Jun 2024, where it stood at 16.31%.
Overall, the recent performance indicates a positive trend in operating ROA, reflecting the company's ability to generate operating profits relative to its total assets. However, it is crucial to closely monitor future quarters to assess the sustainability of this improvement and potential profitability levels.
Peer comparison
Jun 30, 2024