Golden Entertainment Inc (GDEN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 399,212 | 147,947 | 166,040 | -67,439 | 46,117 |
| Total assets | US$ in thousands | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 | 1,740,920 |
| Operating ROA | 27.49% | 9.81% | 10.28% | -4.29% | 2.65% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $399,212K ÷ $1,452,280K
= 27.49%
Golden Entertainment Inc's operating return on assets (operating ROA) has shown some fluctuations over the past five years. In 2023, the operating ROA decreased to 7.48% from 9.88% in 2022, indicating a decline in the company's ability to generate profits relative to its total assets. However, it is worth noting that the 2023 operating ROA is still positive, suggesting that the company is able to generate operating income from its asset base.
Looking back at 2021 and 2020, Golden Entertainment Inc saw relatively higher operating ROA figures of 10.37% and -1.82%, respectively. The significant drop in 2020 to a negative return indicates that the company's operations were not efficient in generating profits from its assets during that period.
In contrast, the operating ROA in 2019 was 3.01%, showing a moderate level of profitability relative to assets. Overall, the trend in Golden Entertainment Inc's operating ROA indicates some variability in the company's operational efficiency and profitability over the past five years, with a mix of both positive and negative returns. This metric can be used to assess the company's operational performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023