Boyd Gaming Corporation (BYD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 620,023 | 639,377 | 463,846 | -134,700 | 157,636 |
| Total assets | US$ in thousands | 6,273,130 | 6,311,130 | 6,224,170 | 6,558,950 | 6,650,140 |
| ROA | 9.88% | 10.13% | 7.45% | -2.05% | 2.37% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $620,023K ÷ $6,273,130K
= 9.88%
The return on assets (ROA) of Boyd Gaming Corp. has fluctuated over the past five years. In 2023, the company's ROA was 9.88%, slightly lower than the previous year's ROA of 10.13%. This indicates that Boyd Gaming Corp. generated a lower level of profit relative to its total assets compared to the prior year.
In 2021, the ROA was 7.45%, showing a moderate increase from the negative ROA of -2.05% in 2020. This improvement suggests that Boyd Gaming Corp. was able to better utilize its assets to generate profits and potentially improve operational efficiency.
The positive ROA in 2019 at 2.37% indicates that Boyd Gaming Corp. was able to generate a modest profit relative to its total assets. It is important to note that a positive ROA is generally considered favorable as it demonstrates that the company is generating earnings from its assets.
Overall, Boyd Gaming Corp.'s ROA has shown variability in recent years, with the most recent data indicating a slight decrease in profitability relative to its asset base. Further analysis of the company's financial performance and asset utilization efficiency may be necessary to determine the factors driving these fluctuations.
Peer comparison
Dec 31, 2023