Boyd Gaming Corporation (BYD)

Total 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
Total assets	US$ in thousands	6,391,820	6,302,430	6,261,420	6,227,890	6,522,980	6,311,610	6,304,480	6,324,590	6,311,130	6,055,870	6,050,150	6,250,420	6,224,170	6,500,120	6,291,910	6,703,450	6,558,950	6,567,640	7,436,020	7,016,860
Total asset turnover		0.61	0.61	0.60	0.60	0.57	0.59	0.58	0.58	0.56	0.58	0.57	0.56	0.54	0.48	0.47	0.34	0.33	0.36	0.34	0.45

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,930,199K ÷ $6,391,820K
= 0.61

Boyd Gaming Corporation's total asset turnover has been relatively stable over the past few years, ranging from 0.33 to 0.61. The ratio measures the efficiency with which the company generates sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets more efficiently to generate revenue.

From March 31, 2020, to December 31, 2024, we observe a general increasing trend in total asset turnover, reaching its peak at 0.61 by the end of 2024. This improvement suggests that Boyd Gaming Corporation has been more effective in generating sales relative to its total assets over this period. It may indicate better management of inventory, more effective utilization of fixed assets, or improved sales and marketing strategies.

Overall, the trend in total asset turnover reflects positively on Boyd Gaming Corporation's ability to generate revenue efficiently from its asset base. It is essential for investors and stakeholders to monitor this ratio to assess the company's operational efficiency and asset utilization in the long run.