Boyd Gaming Corporation (BYD)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,744,100 | 1,590,620 | 1,538,750 | 1,123,940 | 1,265,240 |
| ROE | 35.55% | 40.20% | 30.14% | -11.98% | 12.46% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $620,023K ÷ $1,744,100K
= 35.55%
Boyd Gaming Corp.'s return on equity (ROE) has displayed significant variation over the past five years. In 2023, the ROE stood at 35.55%, down from 40.20% in 2022 but still at a relatively healthy level. This indicates that the company generated $0.355 in net income for every dollar of shareholder equity.
The ROE in 2021 was 30.14%, showing a slight decrease from the previous year. This implies that the company's profitability and efficiency in utilizing equity were stable.
The negative ROE of -11.98% in 2020 is a concerning sign, indicating that the company experienced a net loss and was not effectively utilizing shareholder equity during that period.
In 2019, the ROE was 12.46%, showing an improvement from the previous year. This suggests that Boyd Gaming Corp. was able to generate a reasonable return on equity, although not as high as in some other years.
Overall, the ROE trend for Boyd Gaming Corp. has been fluctuating in recent years, reflecting varying levels of profitability and efficiency in utilizing equity capital. Investors and analysts should further investigate the reasons behind the fluctuations to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023