Golden Entertainment Inc (GDEN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Total assets | US$ in thousands | 1,079,910 | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 |
| Total asset turnover | 0.62 | 0.73 | 0.74 | 0.68 | 0.44 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $666,818K ÷ $1,079,910K
= 0.62
Based on the provided data, Golden Entertainment Inc's total asset turnover has shown a fluctuating trend over the past five years. The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate sales.
In December 2020, the total asset turnover ratio was 0.44, indicating that the company generated $0.44 in sales for every $1 of assets it possessed. Subsequently, in December 2021, there was a notable improvement as the ratio increased to 0.68, suggesting a more efficient utilization of assets to generate revenues.
The trend continued to improve in the following years, with the total asset turnover ratio reaching 0.74 in December 2022. This indicates that the company was generating $0.74 in sales for every $1 of assets, showing increased efficiency in asset utilization. However, in December 2023, the ratio slightly decreased to 0.73, which could be a sign of potential challenges in maintaining the efficiency of asset turnover.
The latest data point in December 2024 shows a decrease in the total asset turnover ratio to 0.62, which indicates a decrease in the efficiency of asset utilization compared to the previous year. This decline may warrant further investigation into the company's asset management strategies to identify areas for improvement.
Overall, while there have been fluctuations in the total asset turnover ratio of Golden Entertainment Inc over the years, it is essential for the company to consistently monitor and optimize its asset utilization to ensure sustainable growth and profitability.
Peer comparison
Dec 31, 2024