Six Flags Entertainment Corporation (FUN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -231,163 | 23,100 | 127,628 | 125,639 | 124,559 | 146,867 | 264,423 | 261,631 | 307,668 | 268,094 | 83,031 | -26,611 | -48,518 | -126,752 | -411,000 | -484,682 | -590,243 | -482,005 | -155,789 | 40,061 |
| Total assets | US$ in thousands | 9,130,520 | 9,369,230 | 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 |
| ROA | -2.53% | 0.25% | 5.44% | 5.55% | 5.46% | 6.33% | 11.42% | 11.84% | 13.76% | 11.10% | 3.44% | -1.13% | -2.10% | -4.50% | -15.43% | -18.45% | -21.91% | -19.27% | -5.86% | 1.68% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-231,163K ÷ $9,130,520K
= -2.53%
Six Flags Entertainment Corporation's return on assets (ROA) has shown significant fluctuations over the past few years. The ROA was negative for a considerable period from June 2020 to June 2022, indicating that the company was not effectively utilizing its assets to generate profits during this time.
However, starting from September 2022, the ROA started to improve, with positive percentages recorded in subsequent quarters up to December 2023. This improvement suggests that Six Flags was able to enhance its asset utilization efficiency and generate better returns for its shareholders.
In the last quarter of 2024, the ROA decreased to negative territory again, indicating a potential decline in the company's ability to generate profits from its assets.
Overall, the trend in ROA for Six Flags Entertainment Corporation has been volatile and inconsistent, highlighting the importance of closely monitoring the company's asset management strategies and financial performance.
Peer comparison
Dec 31, 2024