Boyd Gaming Corporation (BYD)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	577,952	620,023	639,377	463,846	-134,700
Total assets	US$ in thousands	6,391,820	6,273,130	6,311,130	6,224,170	6,558,950
ROA		9.04%	9.88%	10.13%	7.45%	-2.05%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $577,952K ÷ $6,391,820K
= 9.04%

Boyd Gaming Corporation's return on assets (ROA) has shown a significant improvement over the past few years. The ROA was -2.05% on December 31, 2020, indicating the company was generating a negative return on its assets at that time.

However, there has been a positive shift in performance since then. The ROA increased to 7.45% by the end of 2021, signifying a turnaround in the company's asset utilization efficiency. This improvement continued through 2022, where the ROA reached 10.13%, reaching double digits for the first time in recent years.

In 2023, the ROA slightly decreased to 9.88%, but it remained at a relatively high level, suggesting that Boyd Gaming Corporation was maintaining a strong return on its assets. By the end of 2024, the ROA stood at 9.04%, indicating a continued solid performance in utilizing its assets effectively.

Overall, the trend in Boyd Gaming Corporation's ROA demonstrates a positive trajectory, with the company showing enhanced efficiency in generating returns from its assets over the analyzed period.