Boyd Gaming Corporation (BYD)
Working capital 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 current assets | US$ in thousands | 561,507 | 501,866 | 487,058 | 480,429 | 529,315 | 469,248 | 459,046 | 457,355 | 478,228 | 439,332 | 417,812 | 576,568 | 507,803 | 717,272 | 472,824 | 867,298 | 650,277 | 640,622 | 1,455,870 | 963,763 |
| Total current liabilities | US$ in thousands | 622,685 | 610,520 | 589,095 | 600,393 | 596,322 | 583,419 | 546,566 | 592,172 | 586,134 | 575,813 | 534,600 | 582,136 | 557,042 | 568,193 | 528,908 | 546,136 | 524,022 | 521,174 | 509,892 | 501,158 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | 20.97 | — | 7.01 | 17.25 | 19.89 | 2.69 | 6.87 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,930,199K ÷ ($561,507K – $622,685K)
= —
The working capital turnover ratio is a measure of how efficiently a company is utilizing its working capital to generate sales revenue. In the case of Boyd Gaming Corporation, the working capital turnover has shown fluctuations over the quarters.
In March 2020, the working capital turnover was 6.87, indicating that Boyd Gaming Corporation generated $6.87 in net sales revenue for every dollar of working capital invested. The efficiency decreased in the following quarter to 2.69 and then significantly increased in September 2020 to 19.89 and continued to stay high throughout December 2020 and March 2021 at 17.25 and 7.01 respectively.
The ratio was not provided for June and December 2021. However, in September 2021, the turnover ratio spiked to 20.97, denoting a high level of efficiency in utilizing working capital to generate revenue.
There is no data available beyond September 2021. It is important to note that a high working capital turnover generally indicates effective management of working capital and efficient operations. However, it is also crucial to consider other factors and trends in the company's financial performance for a comprehensive analysis.
Peer comparison
Dec 31, 2024