Boyd Gaming Corporation (BYD)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,930,199 | 3,843,691 | 3,785,609 | 3,735,047 | 3,738,492 | 3,707,001 | 3,681,100 | 3,658,600 | 3,555,377 | 3,512,297 | 3,478,094 | 3,477,246 | 3,369,810 | 3,125,837 | 2,935,015 | 2,251,272 | 2,178,490 | 2,375,753 | 2,543,083 | 3,179,356 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,298,660 | 2,451,860 | 2,429,160 | 2,394,240 | 2,355,750 | 2,354,460 | 2,377,450 | 3,278,420 | 3,340,050 | 3,376,730 | 2,465,300 | 2,525,890 | 2,533,900 | 2,573,560 | 2,657,930 |
| Fixed asset turnover | — | — | — | — | — | 1.12 | 1.50 | 1.51 | 1.48 | 1.49 | 1.48 | 1.46 | 1.03 | 0.94 | 0.87 | 0.91 | 0.86 | 0.94 | 0.99 | 1.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,930,199K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company is generating revenue from its investment in fixed assets. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets.
In the case of Boyd Gaming Corporation, the fixed asset turnover ratio fluctuated over the period from March 31, 2020, to September 30, 2023. The ratio started at 1.20 in March 2020 and experienced a decline, reaching its lowest point of 0.86 by December 2020. This decrease may indicate inefficiency in generating revenue from fixed assets during that period.
From March 31, 2021, the fixed asset turnover ratio started to show some improvement, reaching 1.51 by March 31, 2023. This upward trend suggests that the company was able to enhance its revenue generation efficiency from fixed assets over this period.
It is worth noting that the fixed asset turnover ratio for Boyd Gaming Corporation remained stable around 1.50 from March 31, 2023, to June 30, 2023. This indicates that the company was effectively utilizing its fixed assets to generate revenue during these quarters.
However, the absence of data for the period after September 30, 2023, limits a more comprehensive analysis of Boyd Gaming Corporation's fixed asset turnover going forward. Monitoring future ratios will be key to understanding the company's efficiency in utilizing its fixed assets to drive revenue in the coming quarters.
Peer comparison
Dec 31, 2024