Boyd Gaming Corporation (BYD)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 577,952 | 500,051 | 504,156 | 556,765 | 620,023 | 700,102 | 721,871 | 676,180 | 639,377 | 576,475 | 557,647 | 524,613 | 463,846 | 437,351 | 337,293 | 115,020 | -5,466 | -64,457 | -63,168 | 93,860 |
| Total assets | US$ in thousands | 6,391,820 | 6,302,430 | 6,261,420 | 6,227,890 | 6,522,980 | 6,311,610 | 6,304,480 | 6,324,590 | 6,311,130 | 6,055,870 | 6,050,150 | 6,250,420 | 6,224,170 | 6,500,120 | 6,291,910 | 6,703,450 | 6,558,950 | 6,567,640 | 7,436,020 | 7,016,860 |
| ROA | 9.04% | 7.93% | 8.05% | 8.94% | 9.51% | 11.09% | 11.45% | 10.69% | 10.13% | 9.52% | 9.22% | 8.39% | 7.45% | 6.73% | 5.36% | 1.72% | -0.08% | -0.98% | -0.85% | 1.34% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $577,952K ÷ $6,391,820K
= 9.04%
Return on assets (ROA) measures a company's ability to generate profit from its total assets. Analyzing Boyd Gaming Corporation's ROA over the given periods, we observe fluctuations in performance.
From March 2020 to December 2020, Boyd Gaming's ROA was negative, indicating the company was not effectively utilizing its assets to generate profits during this time. However, starting from March 2021, the ROA turned positive, signaling an improvement in the company's profitability relative to its asset base.
The ROA continued to increase steadily from March 2021 to June 2024, reaching its peak at 11.45% in June 2023. This upward trend suggests that Boyd Gaming was becoming more efficient in generating returns from its assets during this period.
However, in the following quarters, the ROA started to decline, dropping to 7.93% by September 2024, before slightly rebounding to 9.04% by December 2024. This dip may indicate challenges in maintaining or improving profitability relative to the level of assets employed by the company.
Overall, while Boyd Gaming Corporation demonstrated a positive trend in ROA from 2021 to mid-2024, the recent decline suggests the need for the company to focus on effectively managing its assets to sustain and enhance profitability going forward.
Peer comparison
Dec 31, 2024