Golden Entertainment Inc (GDEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 537,733 | 352,920 | 319,541 | 161,262 | 289,744 |
| ROE | 47.56% | 23.33% | 50.63% | -84.71% | -13.65% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $255,756K ÷ $537,733K
= 47.56%
The return on equity (ROE) for Golden Entertainment Inc has exhibited significant fluctuations over the past five years. In particular, the ROE increased from 2019 to 2021, reaching a peak of 50.63% in 2021. This improvement suggests that the company was able to generate more profit relative to its shareholders' equity during this period.
However, there was a notable decrease in ROE in 2022 compared to the previous year, which indicates a potential decline in the company's profitability or efficiency in utilizing its equity to generate returns.
The most recent ROE figure for 2023 shows a considerable increase to 47.56%, signifying a strong rebound from the previous year. It is essential to further investigate the factors contributing to these fluctuations in ROE to gain a better understanding of Golden Entertainment Inc's financial performance and sustainability.
Peer comparison
Dec 31, 2023