Boyd Gaming Corporation (BYD)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 927,777 | 901,831 | 981,224 | 900,104 | 235,961 |
| Total assets | US$ in thousands | 6,391,820 | 6,273,130 | 6,311,130 | 6,224,170 | 6,558,950 |
| Operating ROA | 14.52% | 14.38% | 15.55% | 14.46% | 3.60% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $927,777K ÷ $6,391,820K
= 14.52%
Boyd Gaming Corporation's operating return on assets (operating ROA) has shown a positive trend over the past five years. The operating ROA increased from 3.60% on December 31, 2020, to 14.46% on December 31, 2021, representing a significant improvement in profitability. This upward trajectory continued with operating ROA reaching 15.55% on December 31, 2022, indicating that the company was generating more profit relative to its assets.
Although there was a slight decrease in operating ROA to 14.38% on December 31, 2023, the metric remained relatively high, reflecting Boyd Gaming Corporation's effective management of assets to generate operating income. The company maintained its performance with a slightly higher operating ROA of 14.52% on December 31, 2024, showcasing continued profitability and efficiency in utilizing its assets to generate earnings.
Overall, the consistent improvement and maintenance of operating ROA suggest that Boyd Gaming Corporation has been successful in enhancing operational efficiency and maximizing returns from its assets over the years. This trend indicates a positive financial performance and effective utilization of resources by the company.
Peer comparison
Dec 31, 2024