Boyd Gaming Corporation (BYD)
Working capital 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 current assets | US$ in thousands | 561,507 | 529,315 | 478,228 | 507,803 | 650,277 |
| Total current liabilities | US$ in thousands | 622,685 | 596,322 | 586,134 | 557,042 | 524,022 |
| Working capital turnover | — | — | — | — | 17.25 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,930,190K ÷ ($561,507K – $622,685K)
= —
The working capital turnover ratio for Boyd Gaming Corporation indicates the efficiency with which the company utilizes its working capital to generate sales. A higher ratio generally suggests better efficiency in utilizing working capital.
Based on the data provided, we see that the working capital turnover ratio for Boyd Gaming Corporation was 17.25 as of December 31, 2020. However, the ratio is not available for the subsequent years, as denoted by "—".
The significant ratio of 17.25 as of December 31, 2020, suggests that Boyd Gaming Corporation effectively converted its working capital into revenue during that period, indicating strong efficiency in managing its current assets and liabilities to support its sales activity.
It is recommended to monitor the working capital turnover ratio in the upcoming years to assess any potential changes in the company's ability to efficiently utilize its working capital in driving sales growth.
Peer comparison
Dec 31, 2024