Caesars Entertainment (Caesars Entertainment) Gross Profit : $6,133 Mil (TTM As of Dec. 2023)

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What is Caesars Entertainment Gross Profit?

Caesars Entertainment's gross profit for the three months ended in Dec. 2023 was $1,443 Mil. Caesars Entertainment's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $6,133 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Caesars Entertainment's gross profit for the three months ended in Dec. 2023 was $1,443 Mil. Caesars Entertainment's Revenue for the three months ended in Dec. 2023 was $2,825 Mil. Therefore, Caesars Entertainment's Gross Margin % for the quarter that ended in Dec. 2023 was 51.08%.

Caesars Entertainment had a gross margin of 51.08% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 12 years, the highest Gross Margin % of Caesars Entertainment was 53.20%. The lowest was 37.68%. And the median was 47.03%.

Caesars Entertainment Gross Profit Historical Data

The historical data trend for Caesars Entertainment's Gross Profit 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.

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Caesars Entertainment Gross Profit Chart

Caesars Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,239.00

1,782.00

4,923.00

5,420.00

6,133.00

Caesars Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															1,520.00	1,507.00	1,550.00	1,633.00	1,443.00

Competitive Comparison of Caesars Entertainment's Gross Profit

For the Resorts & Casinos subindustry, Caesars Entertainment's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Caesars Entertainment's Gross Profit Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Gross Profit distribution charts can be found below:

* The bar in red indicates where Caesars Entertainment's Gross Profit falls into.

Caesars Entertainment Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Caesars Entertainment's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	11528	-	5395
	=	6,133

Caesars Entertainment's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2825	-	1382
	=	1,443

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,133 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Caesars Entertainment's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	1,443	/	2825
	=	51.08 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Caesars Entertainment (NAS:CZR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Caesars Entertainment had a gross margin of 51.08% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Caesars Entertainment Gross Profit Related Terms

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Caesars Entertainment (Caesars Entertainment) Business Description

Industry

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

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