Golden Entertainment Inc (GDEN)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 105,717 | 93,367 | 329,416 | 341,075 | 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 |
| Total assets | US$ in thousands | 1,079,910 | 1,101,580 | 1,181,220 | 1,501,930 | 1,513,070 | 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 |
| ROA | 9.79% | 8.48% | 27.89% | 22.71% | 16.90% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $105,717K ÷ $1,079,910K
= 9.79%
Golden Entertainment Inc's return on assets (ROA) has displayed significant fluctuations over the reported periods. The ROA started negatively in March 2020 at -3.37% and deteriorated further by June 2020 to a lower -7.90%. The trend continued to decline by September 2020 with an ROA of -7.82% and hit the lowest point in December 2020 at -8.70%.
However, there was a notable turnaround in the performance by March 2021, where the ROA improved to -5.78%. This positive momentum continued as the ROA turned positive by June 2021 at 5.30%, signaling a shift towards profitability. The upward trend persisted, showcasing further improvement to 7.55% in September 2021 and reaching double digits by December 2021 at 10.01%.
The strong performance was maintained through the following quarters, with ROA values of 11.67% in March 2022 and 6.82% in June 2022. Although there was a slight dip in September 2022 to 5.84% and December 2022 to 5.46%, the ROA recovered to 3.86% in March 2023 and 3.28% in June 2023.
A significant surge in performance occurred in the later periods, with ROA values soaring to 17.88% in September 2023 and peaking at 16.90% in December 2023. By March 2024, the ROA surged to 22.71% and further increased to 27.89% in June 2024. However, there was a slight decline by September 2024 to 8.48% and a subsequent increase to 9.79% by December 2024.
Overall, Golden Entertainment Inc's ROA has demonstrated a mix of negative and positive trends over the reported periods, with a notable improvement seen in recent quarters, suggesting a positive shift in the company's asset utilization and profitability.
Peer comparison
Dec 31, 2024