Boyd Gaming Corporation (BYD)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,601,620 | 3,419,410 | 3,075,210 | 1,946,220 | 3,053,700 |
| Total current assets | US$ in thousands | 529,315 | 478,228 | 507,803 | 650,277 | 399,494 |
| Total current liabilities | US$ in thousands | 596,322 | 586,134 | 557,042 | 524,022 | 556,893 |
| Working capital turnover | — | — | — | 15.41 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,601,620K ÷ ($529,315K – $596,322K)
= —
The working capital turnover ratio for Boyd Gaming Corp. is not available for the years 2023, 2022, and 2019; however, it was calculated to be 17.25 in 2020. This ratio indicates how efficiently the company is utilizing its working capital to generate sales. A higher ratio suggests that the company is effectively leveraging its resources to drive revenue. Without data for the other years, it is challenging to assess the trend in the efficiency of working capital utilization over time. Further analysis would be required to determine the reasons behind the fluctuation in the working capital turnover ratio and its implications for Boyd Gaming Corp.'s financial performance.
Peer comparison
Dec 31, 2023