Golden Entertainment Inc (GDEN)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 399,212 | 427,515 | 138,858 | 147,711 | 147,947 | 147,015 | 157,185 | 172,555 | 166,040 | 130,440 | 94,667 | -27,247 | -67,439 | -55,825 | -55,393 | 20,582 | 46,117 | 41,085 | 40,927 | 46,000 |
| Long-term debt | US$ in thousands | 276,453 | 335,461 | 335,461 | 910,461 | 910,461 | 937,461 | 962,500 | 1,000,000 | 1,025,000 | 1,050,000 | 1,100,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,147,000 | 1,329,560 | 1,130,370 | 1,129,070 | 1,123,440 | 1,104,960 |
| 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 |
| Return on total capital | 49.03% | 48.52% | 19.74% | 11.70% | 11.71% | 11.40% | 12.11% | 12.94% | 12.35% | 9.62% | 6.88% | -2.07% | -5.15% | -4.21% | -4.17% | 1.30% | 3.25% | 2.88% | 2.87% | 3.24% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $399,212K ÷ ($276,453K + $537,733K)
= 49.03%
To analyze Golden Entertainment Inc's return on total capital over the past eight quarters, we observe a fluctuating trend. In Q4 2023, the return on total capital was 9.05%, showing a slight decrease from the previous quarter's 9.65%. This decline continued from the previous quarter's 11.04% and 11.89% in Q2 and Q1 2023, respectively.
Comparing to the same quarter in the previous year, Golden Entertainment Inc's return on total capital has been relatively stable. Q4 2022 and Q3 2022 both recorded a return of 11.89% and 11.61%, suggesting consistency. However, a noticeable decrease was observed in Q2 2022 at 12.31% and in Q1 2022 at 13.16%.
Overall, Golden Entertainment Inc's return on total capital has shown some volatility in recent quarters but has been relatively steady on a year-over-year basis. Further investigation into the company's capital structure and operational performance may provide additional insights into these fluctuations.
Peer comparison
Dec 31, 2023