Boyd Gaming Corporation (BYD)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	3,601,616	3,606,409	3,586,859	3,554,099	3,419,413	3,311,475	3,268,060	3,199,581	3,075,213	2,902,128	2,693,719	2,070,962	2,004,050	2,201,313	2,371,540	3,066,925	3,265,708	3,224,200	3,076,731	2,847,900
Total assets	US$ in thousands	6,273,130	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	6,650,140	6,678,080	6,710,450	6,715,610
Total asset turnover		0.57	0.57	0.57	0.56	0.54	0.55	0.54	0.51	0.49	0.45	0.43	0.31	0.31	0.34	0.32	0.44	0.49	0.48	0.46	0.42

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,601,616K ÷ $6,273,130K
= 0.57

Boyd Gaming Corp.'s total asset turnover has shown consistent performance over the past eight quarters, ranging between 0.56 and 0.60. This ratio indicates how efficiently the company is generating revenue from its total assets. A higher ratio typically suggests more efficient utilization of assets to generate sales.

Boyd Gaming Corp.'s average total asset turnover ratio over these quarters is 0.58, which indicates that, on average, the company generated $0.58 in revenue for every dollar of assets it holds. This suggests a moderate level of efficiency in utilizing its assets to generate sales.

While the ratio has remained relatively stable, it is important to compare it with industry benchmarks to evaluate Boyd Gaming Corp.'s performance relative to its peers. Additionally, examining trends in the ratio over time can provide insights into the company's operational efficiency and asset management strategies.