Golden Entertainment Inc (GDEN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 255,756 | 82,346 | 161,776 | -136,611 | -39,545 |
| Total assets | US$ in thousands | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 | 1,740,920 |
| ROA | 17.61% | 5.46% | 10.01% | -8.70% | -2.27% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $255,756K ÷ $1,452,280K
= 17.61%
The return on assets (ROA) of Golden Entertainment Inc has shown a fluctuating trend over the past five years.
- In 2023, the company's ROA improved significantly to 17.61%, indicating that the company generated a higher return on its assets compared to the previous year. This could be a result of improved operational efficiency, better asset utilization, or increased profitability.
- In 2022, the ROA was 5.46%, which was a moderate improvement from the previous year. This suggests that the company was able to generate a positive return on its assets, albeit at a lower rate compared to 2023.
- In 2021, the ROA was 10.01%, showing a strong performance in terms of utilizing its assets to generate profits. This indicates that the company was performing well in terms of efficiency and profitability.
- However, in 2020 and 2019, the company experienced negative ROA figures of -8.70% and -2.27% respectively. This suggests that the company's assets were not effectively utilized to generate profits during these years, possibly due to various factors such as declining revenues, operational inefficiencies, or high asset impairments.
Overall, Golden Entertainment Inc's ROA has shown variability over the past five years, with notable improvements in recent years indicating better asset management and profitability. However, the negative ROA figures in 2020 and 2019 highlight potential challenges that the company faced in those years.
Peer comparison
Dec 31, 2023