Six Flags Entertainment Corporation (FUN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,041,860 | 2,341,580 | 14,685 | -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 |
| ROE | -11.32% | 0.99% | 869.10% | — | — | — | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-231,163K ÷ $2,041,860K
= -11.32%
The return on equity (ROE) of Six Flags Entertainment Corporation has shown significant fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the ROE figures were negative, indicating that the company's profitability in relation to shareholders' equity was below par during this period.
However, starting from June 30, 2022, there was a notable turnaround with a sharp increase in ROE, reaching exceptionally high levels by June 30, 2023. These positive ROE numbers suggest that the company was able to generate substantial profits relative to the shareholders' equity during this time frame.
The ROE experienced some volatility after June 30, 2023. Despite the ups and downs, Six Flags Entertainment Corporation managed to maintain a high ROE, indicating solid profitability and efficiency in utilizing shareholders' equity to drive returns.
It is important to note that ROE values exceeding 1000% may be an anomaly and merit further investigation to understand the underlying reasons for such extreme fluctuations. The company should continue to monitor and sustain its profitability trends to ensure long-term financial health and shareholder value creation.
Peer comparison
Dec 31, 2024