Boyd Gaming Corporation (BYD)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,581,510 | 1,744,100 | 1,590,620 | 1,538,750 | 1,123,940 |
| ROE | 36.54% | 35.55% | 40.20% | 30.14% | -11.98% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $577,952K ÷ $1,581,510K
= 36.54%
Boyd Gaming Corporation's return on equity (ROE) has displayed a fluctuating trend over the past five years. The ROE was negative at -11.98% as of December 31, 2020, indicating that the company's net income was insufficient to cover the shareholders' equity during that period.
However, there was a significant improvement in ROE in the following years. By December 31, 2021, Boyd Gaming Corporation's ROE had risen to 30.14%, reflecting a positive change in the company's profitability and efficiency in generating returns for its shareholders.
The upward trend continued in the subsequent years, reaching 40.20% by December 31, 2022. This sharp increase suggests that Boyd Gaming Corporation was able to effectively utilize its equity to generate higher profits.
Although there was a slight decrease in ROE to 35.55% by December 31, 2023, and a further decrease to 36.54% by December 31, 2024, the values remain relatively high, indicating that the company continues to deliver solid returns on the equity invested by shareholders.
Overall, Boyd Gaming Corporation's ROE performance has shown positive growth and stability in recent years, reflecting effective management of assets and resources to generate value for its shareholders.
Peer comparison
Dec 31, 2024