Boyd Gaming Corporation (BYD)
Total 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 |
| Total assets | US$ in thousands | 6,391,820 | 6,273,130 | 6,311,130 | 6,224,170 | 6,558,950 |
| Total asset turnover | 0.61 | 0.60 | 0.56 | 0.54 | 0.33 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,930,190K ÷ $6,391,820K
= 0.61
The total asset turnover ratio measures Boyd Gaming Corporation's efficiency in generating revenue relative to its total assets. The ratio has shown a positive trend over the past five years, from 0.33 in December 31, 2020, to 0.61 in December 31, 2024. This indicates that, on average, the company is generating more revenue for each dollar of assets it holds. The increasing trend is a positive sign of operational efficiency and effective asset utilization. It suggests that Boyd Gaming Corporation has been able to improve its revenue-generating capabilities without significantly increasing its asset base. This may signify better management of assets and improved operational effectiveness over the years.
Peer comparison
Dec 31, 2024