Golden Entertainment Inc (GDEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 474,227 | 537,733 | 352,920 | 319,541 | 161,262 |
| ROE | 10.70% | 47.56% | 23.33% | 50.63% | -84.71% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $50,731K ÷ $474,227K
= 10.70%
The return on equity (ROE) for Golden Entertainment Inc has displayed significant fluctuations over the past five years. Starting at a negative ROE of -84.71% in December 2020, the company managed to greatly improve its performance to achieve a ROE of 50.63% by December 2021. Subsequently, in December 2022, the ROE decreased to 23.33%, indicating a decrease in the company's ability to generate profits from shareholders' equity. However, there was a notable recovery in December 2023, with the ROE rising to 47.56%. Lastly, by December 2024, the ROE declined to 10.70%, signaling a decrease in the profitability of the company relative to its shareholders' equity. Overall, the fluctuating trend in ROE suggests varying levels of profitability and efficiency in utilizing shareholders' equity by Golden Entertainment Inc over the specified period.
Peer comparison
Dec 31, 2024