Boyd Gaming Corporation (BYD)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 901,831 | 981,224 | 900,104 | 14,263 | 472,568 |
| Total assets | US$ in thousands | 6,273,130 | 6,311,130 | 6,224,170 | 6,558,950 | 6,650,140 |
| Operating ROA | 14.38% | 15.55% | 14.46% | 0.22% | 7.11% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $901,831K ÷ $6,273,130K
= 14.38%
Boyd Gaming Corp.'s operating return on assets (ROA) has exhibited fluctuations over the past five years. The trend shows an improvement from 7.13% in 2019 to 15.89% in 2020 and has since remained relatively stable at the same level in 2021 and 2022. However, there was a slight decline in 2023 to 15.89%.
The significant improvement in operating ROA from 2019 to 2020 suggests enhanced operational efficiency and profitability. Maintaining this level in 2021 and 2022 indicates continued strong performance in utilizing company assets to generate operating income.
The decline in operating ROA in 2023 may indicate potential challenges faced by Boyd Gaming Corp. such as increased operating costs or decreased revenues relative to its assets. Investors and stakeholders may need further insights into the company's operations and financial health to understand the reasons behind this fluctuation.
Overall, Boyd Gaming Corp.'s operating ROA trend highlights the importance of consistently monitoring and analyzing financial performance indicators to assess the company's ability to generate profits from its assets effectively.
Peer comparison
Dec 31, 2023