MGM Resorts International (MGM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 746,558 | 1,142,180 | 206,731 | 1,254,370 | -1,319,910 |
| Total assets | US$ in thousands | 42,231,600 | 42,368,500 | 45,692,200 | 40,899,100 | 36,494,900 |
| ROA | 1.77% | 2.70% | 0.45% | 3.07% | -3.62% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $746,558K ÷ $42,231,600K
= 1.77%
Based on the provided data, MGM Resorts International's return on assets (ROA) has shown fluctuations over the past five years.
- As of December 31, 2020, the ROA was -3.62%, indicating that the company generated a negative return on its assets.
- By December 31, 2021, the ROA improved significantly to 3.07%, signaling a turnaround in the company's asset efficiency.
- However, in the following year, by December 31, 2022, the ROA decreased to 0.45%, suggesting a decline in the company's ability to generate profit from its assets.
- The ROA then increased to 2.70% by December 31, 2023, showing a recovery in asset utilization and profitability.
- Finally, as of December 31, 2024, the ROA stood at 1.77%, indicating a moderate level of return on the company's assets.
Overall, MGM Resorts International's ROA has exhibited varying levels of performance over the past few years, with improvements and declines in asset efficiency and profitability. This trend highlights the importance of closely monitoring and analyzing the company's asset management strategies and financial performance.
Peer comparison
Dec 31, 2024