MGM Resorts International (MGM)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,490,460 | 1,891,500 | -1,814,120 | 631,332 | -2,083,750 |
| Total assets | US$ in thousands | 42,231,600 | 42,368,500 | 45,692,200 | 40,899,100 | 36,494,900 |
| Operating ROA | 3.53% | 4.46% | -3.97% | 1.54% | -5.71% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,490,460K ÷ $42,231,600K
= 3.53%
The operating return on assets (Operating ROA) for MGM Resorts International has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024.
On December 31, 2020, the Operating ROA was -5.71%, indicating that the company was experiencing a negative return on its assets from its core operations. However, by December 31, 2021, the Operating ROA improved to 1.54%, signifying a turnaround in the company's operational efficiency and profitability.
Subsequently, on December 31, 2022, the Operating ROA decreased to -3.97%, suggesting a decline in the company's ability to generate profit from its operational assets. This trend reversed in the following year, with the Operating ROA increasing to 4.46% as of December 31, 2023, demonstrating improved performance in utilizing its assets to generate operating income.
As of December 31, 2024, the Operating ROA stood at 3.53%, indicating that MGM Resorts International continued to maintain a positive return on its operational assets, albeit slightly lower compared to the previous year. Overall, the company has shown variability in its Operating ROA, reflecting fluctuations in its operational efficiency and profitability over the analyzed period.
Peer comparison
Dec 31, 2024