Golden Entertainment Inc (GDEN)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 255,756 | 276,185 | 48,972 | 57,910 | 82,346 | 90,388 | 105,436 | 187,222 | 161,776 | 124,208 | 88,201 | -93,371 | -136,611 | -125,814 | -128,305 | -64,147 | -39,545 | -57,187 | -50,864 | -32,862 |
| Total assets | US$ in thousands | 1,452,280 | 1,544,660 | 1,494,250 | 1,499,880 | 1,508,670 | 1,547,670 | 1,546,850 | 1,604,140 | 1,615,560 | 1,644,270 | 1,664,700 | 1,615,190 | 1,570,950 | 1,608,930 | 1,623,940 | 1,902,270 | 1,740,920 | 1,690,720 | 1,694,670 | 1,690,180 |
| ROA | 17.61% | 17.88% | 3.28% | 3.86% | 5.46% | 5.84% | 6.82% | 11.67% | 10.01% | 7.55% | 5.30% | -5.78% | -8.70% | -7.82% | -7.90% | -3.37% | -2.27% | -3.38% | -3.00% | -1.94% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $255,756K ÷ $1,452,280K
= 17.61%
To analyze Golden Entertainment Inc's return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the past eight quarters.
In Q4 2023, the ROA stood at 17.61%, demonstrating a relatively high return on assets for the company. This figure remained stable in Q3 2023 at 17.88%, indicating consistent profitability. However, in Q2 2023, the ROA dropped significantly to 3.28%, reflecting a potential decrease in asset efficiency and overall profitability. The trend continued in Q1 2023 with an ROA of 3.86%, suggesting ongoing challenges in generating returns from assets.
Comparing these recent quarters to the previous year, we can see a higher ROA in Q4 2022 at 5.46% and Q3 2022 at 5.84%. The ROA further increased in Q2 2022 to 6.82% before peaking in Q1 2022 at 11.67%. These earlier quarters show a gradual improvement in return on assets, highlighting a more profitable period for Golden Entertainment Inc.
Overall, the company's ROA has experienced fluctuations in recent quarters, with a notable decline in Q2 and Q1 2023 compared to stronger performances in the preceding quarters. Further analysis of the underlying factors contributing to these fluctuations would be beneficial in understanding the dynamics of Golden Entertainment Inc's asset utilization and profitability.
Peer comparison
Dec 31, 2023