Six Flags Entertainment Corporation (FUN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 124,559 | 307,668 | -48,518 | -590,243 | 172,365 |
| Total assets | US$ in thousands | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 | 2,581,140 |
| ROA | 5.46% | 13.76% | -2.10% | -21.91% | 6.68% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $124,559K ÷ $2,282,460K
= 5.46%
The return on assets (ROA) for Six Flags Entertainment Corporation has fluctuated over the past five years. In 2023, the ROA was 5.46%, showing a decrease from the previous year's 13.76%. This indicates that the company's profitability relative to its total assets has declined.
Comparing to 2021 when the ROA was -2.10%, the company has improved its performance significantly. However, in 2020, the ROA was notably negative at -21.91%, reflecting financial challenges at that time.
The ROA rebounded in 2019 to 6.68%, indicating a return to profitability and efficient asset utilization by the company. Overall, the trend in ROA for Six Flags Entertainment Corporation suggests volatility in its asset management and profitability over the past five years, with efforts needed to maintain or improve performance in the future.
Peer comparison
Dec 31, 2023