Boyd Gaming Corporation (BYD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,930,190 | 3,738,490 | 3,555,380 | 3,369,810 | 2,178,490 |
| Property, plant and equipment | US$ in thousands | — | — | 2,394,240 | 3,278,420 | 2,525,890 |
| Fixed asset turnover | — | — | 1.48 | 1.03 | 0.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,930,190K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. Starting from December 31, 2020, Boyd Gaming Corporation had a fixed asset turnover ratio of 0.86, indicating that for every dollar invested in fixed assets, the company generated $0.86 in sales.
Over the following years, the company's fixed asset turnover improved significantly. By December 31, 2021, the ratio increased to 1.03, suggesting that Boyd Gaming Corporation was able to generate $1.03 in sales for each dollar invested in fixed assets. This improvement indicates better efficiency in utilizing its fixed assets to generate revenue.
By December 31, 2022, the fixed asset turnover ratio further increased to 1.48, reflecting a substantial enhancement in asset efficiency. This implies that the company was able to generate $1.48 in sales for every dollar invested in fixed assets, showcasing improved operational performance.
The data for December 31, 2023, and December 31, 2024, are not available. However, based on the trend observed in the previous years, Boyd Gaming Corporation seems to be making progress in optimizing the utilization of its fixed assets to drive revenue generation.
Overall, the increasing trend in Boyd Gaming Corporation's fixed asset turnover ratio indicates a positive development in the company's operational efficiency and asset utilization, signaling potential improvements in profitability and return on investment.
Peer comparison
Dec 31, 2024