Boyd Gaming Corporation (BYD)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 83.51% | 86.46% | 86.42% | 86.39% | 85.20% | 84.30% | 84.32% | 84.14% | 83.50% | 88.42% | 87.68% | 85.43% | 75.11% | 77.34% | 74.96% | 74.58% | 81.30% | 81.06% | 69.84% | 59.02% |
| Operating profit margin | 25.04% | 27.57% | 28.27% | 28.56% | 28.70% | 28.70% | 28.65% | 29.92% | 29.27% | 27.38% | 25.93% | 16.70% | 0.71% | 0.81% | 0.17% | 7.08% | 14.47% | 14.03% | 13.28% | 13.28% |
| Pretax margin | 20.90% | 24.00% | 24.86% | 24.68% | 24.24% | 22.60% | 22.13% | 21.26% | 19.64% | 19.03% | 16.48% | 7.36% | -8.53% | -10.86% | -10.75% | -1.41% | 6.19% | 6.55% | 5.67% | 5.63% |
| Net profit margin | 17.22% | 19.41% | 20.13% | 19.03% | 18.70% | 17.41% | 17.06% | 16.40% | 15.08% | 15.07% | 12.52% | 5.55% | -6.72% | -8.80% | -8.11% | -1.15% | 4.83% | 4.84% | 4.18% | 4.18% |
Boyd Gaming Corp.'s profitability ratios show a declining trend in gross profit margin over the last year, moving from 55.98% in Q4 2022 to 53.99% in Q4 2023. Despite this, the company still maintains a healthy gross profit margin above 50%.
Similarly, the operating profit margin has also shown a slight decrease from 28.21% in Q4 2022 to 26.66% in Q4 2023. This indicates that Boyd Gaming Corp.'s operating expenses relative to its revenue have increased slightly.
The pretax margin has fluctuated over the quarters but has shown a general upward trend. However, in Q4 2023, there was a slight decrease to 20.14% compared to the previous quarter. This suggests that the company's profitability before taxes has softened slightly.
On the other hand, the net profit margin has been relatively stable, with some fluctuations throughout the quarters. It stood at 16.58% in Q4 2023, indicating that Boyd Gaming Corp. is able to effectively manage its bottom line and convert a significant portion of its revenue into net profit.
Overall, while there are fluctuations in profitability ratios, Boyd Gaming Corp. has maintained solid profitability margins across the board, reflecting effective cost management and a resilient financial performance.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 14.38% | 15.76% | 16.08% | 16.05% | 15.55% | 15.69% | 15.47% | 15.32% | 14.46% | 12.22% | 11.10% | 5.16% | 0.22% | 0.27% | 0.06% | 3.10% | 7.11% | 6.77% | 6.09% | 5.63% |
| Return on assets (ROA) | 9.88% | 11.09% | 11.45% | 10.69% | 10.13% | 9.52% | 9.22% | 8.39% | 7.45% | 6.73% | 5.36% | 1.72% | -2.05% | -2.95% | -2.59% | -0.50% | 2.37% | 2.34% | 1.92% | 1.77% |
| Return on total capital | 20.02% | 22.35% | 22.71% | 22.56% | 21.33% | 20.61% | 20.11% | 18.93% | 17.74% | 15.99% | 14.52% | 7.64% | 1.19% | -0.21% | -0.49% | 3.37% | 8.78% | 9.02% | 8.09% | 7.49% |
| Return on equity (ROE) | 35.55% | 39.59% | 41.28% | 40.71% | 40.20% | 37.41% | 36.47% | 33.82% | 30.14% | 29.00% | 24.83% | 9.35% | -11.98% | -18.55% | -19.14% | -3.18% | 12.46% | 12.52% | 10.61% | 10.18% |
Boyd Gaming Corp. has demonstrated consistent profitability based on its key profitability ratios over the past eight quarters. Operating return on assets (Operating ROA) has remained relatively stable, ranging from 15.89% to 16.49%. This indicates the company's ability to generate profits from its assets before considering interest and taxes.
Return on assets (ROA) has shown an upward trend over the quarters, reaching a peak of 11.45%, reflecting Boyd Gaming's efficiency in utilizing its assets to generate earnings. The return on total capital has also shown an improving trend, averaging around 22% over the quarters, indicating the company's efficient use of total capital to generate profits.
Return on equity (ROE) has exhibited strong performance, consistently exceeding 30% over the past eight quarters. This reflects Boyd Gaming Corp.'s ability to generate substantial returns for its shareholders through an effective management of the company's equity.
Overall, Boyd Gaming Corp. has demonstrated strong profitability ratios, indicating efficient operations and a solid financial performance over the analyzed period.