Boyd Gaming Corporation (BYD)

Return on equity (ROE)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	620,023	700,102	721,871	676,180	639,377	576,475	557,647	524,613	463,846	437,351	337,293	115,020	-134,700	-193,691	-192,402	-35,374	157,636	156,207	128,639	119,100
Total stockholders’ equity	US$ in thousands	1,744,100	1,768,480	1,748,810	1,660,970	1,590,620	1,540,800	1,529,160	1,551,130	1,538,750	1,507,940	1,358,270	1,230,720	1,123,940	1,043,910	1,005,480	1,111,770	1,265,240	1,248,150	1,212,720	1,170,110
ROE		35.55%	39.59%	41.28%	40.71%	40.20%	37.41%	36.47%	33.82%	30.14%	29.00%	24.83%	9.35%	-11.98%	-18.55%	-19.14%	-3.18%	12.46%	12.52%	10.61%	10.18%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $620,023K ÷ $1,744,100K
= 35.55%

Boyd Gaming Corp.'s return on equity (ROE) has shown a generally positive trend over the past eight quarters, ranging from 33.82% in Q1 2022 to 41.28% in Q2 2023. This indicates that the company is effectively utilizing its shareholders' equity to generate profits. The consistently high ROE values suggest that Boyd Gaming Corp. is efficiently managing its resources and investments to create value for its shareholders. Overall, the ROE performance reflects the company's strong financial health and effectiveness in generating returns on equity.