Golden Entertainment Inc (GDEN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 112,124 | 399,212 | 147,947 | 227,300 | -28,962 |
| Total assets | US$ in thousands | 1,079,910 | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 |
| Operating ROA | 10.38% | 27.49% | 9.81% | 14.07% | -1.84% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $112,124K ÷ $1,079,910K
= 10.38%
Over the past five years, Golden Entertainment Inc's operating return on assets (Operating ROA) has displayed fluctuating trends. In December 2020, the company reported a negative Operating ROA of -1.84%, indicating that the company's operating income from its assets was insufficient to cover the asset base.
However, the company's performance improved significantly in the following years. By December 2021, the Operating ROA surged to 14.07%, reflecting a notable increase in operating efficiency and profitability. This positive momentum continued into December 2022, with the Operating ROA standing at 9.81%.
The company experienced a substantial spike in operating performance by December 2023, reaching an impressive Operating ROA of 27.49%. This significant increase suggests that Golden Entertainment Inc was effectively generating operating income relative to its asset base.
Nevertheless, by December 2024, the Operating ROA decreased to 10.38%, indicating a slight dip in the company's operating efficiency compared to the previous year. It is essential for stakeholders to monitor this metric closely to assess the company's ability to generate profits from its asset investments effectively.
Peer comparison
Dec 31, 2024