Golden Entertainment Inc (GDEN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 50,731 | 255,756 | 82,346 | 161,776 | -136,611 |
| Total assets | US$ in thousands | 1,079,910 | 1,452,280 | 1,508,670 | 1,615,560 | 1,570,950 |
| ROA | 4.70% | 17.61% | 5.46% | 10.01% | -8.70% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $50,731K ÷ $1,079,910K
= 4.70%
Golden Entertainment Inc's Return on Assets (ROA) has shown significant fluctuations over the past five years. In December 2020, the ROA was negative at -8.70%, indicating that the company's assets were not effectively generating profits. However, by December 2021, the ROA had improved significantly to 10.01%, suggesting that the company's asset utilization had become more efficient.
In the following years, Golden Entertainment Inc's ROA continued to fluctuate. In December 2022, the ROA decreased to 5.46%, indicating a slight decline in asset profitability. However, by December 2023, the ROA surged to 17.61%, showing a remarkable improvement in the company's ability to generate profits from its assets.
By December 2024, the ROA dropped to 4.70%, signifying a decrease in asset efficiency compared to the previous year. Overall, Golden Entertainment Inc's ROA performance has been volatile, with both positive and negative fluctuations observed. It is essential for the company to focus on maximizing asset efficiency to sustain and enhance its profitability going forward.
Peer comparison
Dec 31, 2024