Caesars Entertainment (Caesars Entertainment) ROCE % : 7.08% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Caesars Entertainment ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Caesars Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.08%.

Caesars Entertainment ROCE % Historical Data

The historical data trend for Caesars Entertainment's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Caesars Entertainment ROCE % Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.86

-2.08

3.13

5.38

7.46

Caesars Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.58	5.34	7.97	9.42	7.08

Caesars Entertainment ROCE % Calculation

Caesars Entertainment's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2294	/	( ( (33527 - 2668)	+	(33366 - 2690) )	/ 2 )
	=	2294	/	( (30859	+	30676)	/ 2 )
	=	2294	/	30767.5
	=	7.46 %

Caesars Entertainment's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2172	/	( ( (33229 - 2561)	+	(33366 - 2690) )	/ 2 )
	=	2172	/	( ( 30668	+	30676 )	/ 2 )
	=	2172	/	30672
	=	7.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Caesars Entertainment (NAS:CZR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Caesars Entertainment ROCE % Related Terms

Thank you for viewing the detailed overview of Caesars Entertainment's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Caesars Entertainment (Caesars Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Caesars Entertainment Inc (NAS:CZR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

2ER:Germany 2ER:Germany

Address

100 West Liberty Street, 12th Floor, Reno, NV, USA, 89501

Website

https://www.caesars.com

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Executives

Michael E Pegram	director	PO BOX 285, BURLINGTON WA 98233
Stephanie Lepori	officer: CAO & Chief Admin. Officer	100 WEST LIBERTY STREET, SUITE 1150, RENO NV 89501
Thomas Reeg	director, officer: Chief Executive Officer	21 WATERWAY AVE, SUITE 150, THE WOODLANDS TX 77380
David P Tomick	director	100 REGENCY FOREST DR, SUITE 400, CARY NC 27511
Don R Kornstein	director	DON R KORNSTEIN, 825 LAKESHORE BLVD, INCLINE VILLAGE NV 89451
Fahrenkopf Frank J Jr	director	ONE CORPORATE CENTER, RYE NY 10580
Mather Courtney	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Quatmann Edmund L Jr	officer: See Remarks	600 EMERSON ROAD, SUITE 300, ST. LOUIS MO 63141
Josh Jones	officer: Chief Marketing Officer	100 W. LIBERTY ST., 12TH FLOOR, RENO NV 89501
Anthony L. Carano	officer: President and COO	100 WEST LIBERTY STREET, RENO NV 89501
Gary L. Carano	director, officer: Exec. Chairman of the Board	100 WEST LIBERTY STREET, 11TH FLOOR, RENO NV 89501
Bonnie Biumi	director	RETAIL PROPERTIES OF AMERICA, INC., 2021 SPRING ROAD, SUITE 200, OAK BROOK IL 60523
Jones Blackhurst Janis L	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
James B Hawkins	director	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708