Six Flags Entertainment Corporation (FUN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 172,365 | 147,083 |
| 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 |
| ROA | 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% | 6.68% | 5.53% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $127,628K ÷ $2,347,830K
= 5.44%
The return on assets (ROA) of Six Flags Entertainment Corporation has shown some fluctuations over the past few quarters. The ROA increased from -21.91% in December 2020 to 5.44% in June 2024, indicating an improvement in the company's profitability relative to its total assets.
The company experienced its highest ROA of 13.76% in December 2022, followed by a gradual decline in the succeeding quarters. The downward trend continued as the ROA dropped to -15.43% in September 2021 before recovering and reaching positive figures again.
Overall, the ROA trend suggests that Six Flags Entertainment Corporation has been able to effectively generate profit from its assets, with some periods of stronger performance compared to others. It is essential for the company to focus on maintaining a positive ROA to ensure sustainable profitability in the long term.
Peer comparison
Jun 30, 2024