Six Flags Entertainment Corporation (FUN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -687,361 | -736,202 | -588,246 | -571,053 | 14,437 | 140,110 | 323,277 | 16,453 | 14,615 | 11,796 | 8,943 | 737,521 | 424,783 | 489,741 | 541,732 | 421,735 | 463,832 | 88,997 | 431,270 | 533,024 |
| ROE | — | — | — | — | 1,831.56% | 186.73% | 95.17% | 1,629.45% | 568.12% | -225.59% | -542.52% | -17.19% | -96.76% | -98.97% | -108.95% | -114.29% | -33.59% | 45.01% | 39.97% | 27.59% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $127,628K ÷ $-687,361K
= —
The return on equity (ROE) for Six Flags Entertainment Corporation has varied significantly over the past few quarters. In the latest period, the company reported an exceptionally high ROE of 1,831.56%, indicating that the company generated significant profits relative to its shareholders' equity. This sharp increase in ROE may be attributed to improved operational performance, cost management, or other factors contributing to increased profitability.
Looking further back, the ROE figures for the company have fluctuated widely, with some periods showing negative ROE figures. Negative ROE values suggest that the company may have incurred losses, or its net income was insufficient to cover shareholders' equity. This might be indicative of operational challenges, financial difficulties, or other issues impacting profitability and shareholder returns.
Overall, while the recent spike in ROE is promising, the fluctuating and at times negative ROE figures suggest a degree of volatility and potential instability in the company's financial performance. Further analysis of the company's financial statements and operational activities would be necessary to gain a comprehensive understanding of the factors driving these fluctuations in ROE.
Peer comparison
Jun 30, 2024