Six Flags Entertainment Corporation (FUN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -231,164 | 124,559 | 307,668 | -48,518 | -590,243 |
| Total assets | US$ in thousands | 9,130,520 | 2,282,460 | 2,235,900 | 2,313,020 | 2,693,410 |
| ROA | -2.53% | 5.46% | 13.76% | -2.10% | -21.91% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-231,164K ÷ $9,130,520K
= -2.53%
Based on the provided data for Six Flags Entertainment Corporation's Return on Assets (ROA) from 2020 to 2024, we observe significant fluctuations in the company's performance.
In December 2020, the ROA was notably low at -21.91%, indicating that the company experienced challenges in generating profits relative to its assets. However, by December 2021, there was an improvement as the ROA increased to -2.10%, although it remained negative.
The trend continued to improve in December 2022, with a significant jump in ROA to 13.76%, reflecting the company's enhanced ability to generate profits from its assets. This positive momentum was sustained in December 2023, with a ROA of 5.46%, albeit at a slightly lower level.
Unfortunately, by December 2024, the ROA declined to -2.53%, indicating a reversal in the positive performance seen in the previous years.
Overall, Six Flags Entertainment Corporation's ROA exhibited volatility over the period, with the company showing signs of both improvement and regression in its asset utilization and profitability. Monitoring future ROA values will be crucial to assess the company's ability to effectively generate returns from its assets and sustain profitability.
Peer comparison
Dec 31, 2024