Six Flags Entertainment Corporation (FUN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -588,246 | 323,277 | 8,943 | 2,599 | 9,746 |
| ROE | — | 95.17% | -542.52% | -22,710.39% | 1,768.57% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $124,559K ÷ $-588,246K
= —
Six Flags Entertainment Corporation's Return on Equity (ROE) has shown significant fluctuation over the past five years. In 2019, the ROE was robust at 1,768.57%, indicating that the company generated substantial profits relative to its shareholders' equity. However, this performance sharply declined in 2020 to -22,710.39%, reflecting a significant loss compared to the equity invested.
In 2021, Six Flags recorded a negative ROE of -542.52%, suggesting ongoing financial challenges and inefficiencies in generating profits relative to shareholder equity. The company's ROE further deteriorated in 2022, reaching -95.17%, indicating a continued struggle to deliver positive returns on equity.
The absence of ROE data for 2023 makes it challenging to assess the most recent financial performance of Six Flags Entertainment Corporation. However, based on the trend observed from 2019 to 2022, the company faces difficulties in efficiently utilizing shareholders' equity to generate profits. Investors and stakeholders may view this fluctuating and mostly negative ROE trend as a cause for concern regarding the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023