Golden Entertainment Inc (GDEN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 474,227 | 513,132 | 539,032 | 569,622 | 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 |
| ROE | 22.29% | 18.20% | 61.11% | 59.88% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $105,717K ÷ $474,227K
= 22.29%
Based on the provided data, Golden Entertainment Inc's return on equity (ROE) has shown significant fluctuations over the quarters. The ROE was negative in earlier periods, indicating that the company was not generating sufficient profits relative to shareholder equity.
However, there has been a notable improvement in the ROE in recent quarters, with positive values recorded from June 2021 onwards. This suggests that the company has been more effective in utilizing shareholder equity to generate profits during these periods.
The ROE peaked at 61.11% in June 2024, reflecting a strong performance in that quarter. The downward trend in ROE during the following quarters indicates a decrease in the company's ability to generate income relative to shareholder equity.
Overall, the analysis of Golden Entertainment Inc's ROE indicates a mix of negative and positive performance trends, with improvements in recent periods potentially signaling better profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2024