Golden Entertainment Inc (GDEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 537,733 | 545,584 | 368,044 | 352,473 | 352,920 | 352,202 | 335,028 | 333,258 | 319,541 | 305,419 | 276,687 | 171,213 | 161,262 | 178,574 | 182,040 | 258,851 | 289,744 | 296,211 | 303,089 | 315,322 |
| ROE | 47.56% | 50.62% | 13.31% | 16.43% | 23.33% | 25.66% | 31.47% | 56.18% | 50.63% | 40.67% | 31.88% | -54.53% | -84.71% | -70.45% | -70.48% | -24.78% | -13.65% | -19.31% | -16.78% | -10.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $255,756K ÷ $537,733K
= 47.56%
The return on equity (ROE) of Golden Entertainment Inc has displayed fluctuations over the past eight quarters, ranging from a low of 13.31% in Q2 2023 to a high of 56.18% in Q1 2022. The average ROE over this period is 31.51%.
The company experienced a significant decrease in ROE in Q2 2023 compared to the previous quarter, which may indicate a decline in profitability or a decrease in the efficient use of shareholder equity. However, the most recent data in Q4 2023 shows a rebound, with an ROE of 47.56%, suggesting improved performance.
Overall, it is important for investors to closely monitor the factors influencing the company's ROE, such as profitability, asset management, debt levels, and capital structure, to assess the sustainability and growth potential of Golden Entertainment Inc.
Peer comparison
Dec 31, 2023