MGM Resorts International (MGM)

Return on assets (ROA)

		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	1,142,180	1,112,722	374,775	1,957,919	1,473,096	1,320,107	3,247,367	1,568,180	1,254,367	675,749	-1,209,412	-2,171,422	-1,032,724	1,426,461	1,924,059	2,824,721	2,049,149	14,242	194,253	274,625
Total assets	US$ in thousands	42,368,500	42,572,500	42,905,800	43,542,200	45,692,200	47,330,200	48,432,100	38,650,000	40,899,100	41,338,300	36,776,400	37,330,800	36,494,900	37,004,800	37,471,300	39,118,900	33,876,400	31,168,900	30,813,700	31,146,900
ROA		2.70%	2.61%	0.87%	4.50%	3.22%	2.79%	6.70%	4.06%	3.07%	1.63%	-3.29%	-5.82%	-2.83%	3.85%	5.13%	7.22%	6.05%	0.05%	0.63%	0.88%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,142,180K ÷ $42,368,500K
= 2.70%

The return on assets (ROA) of MGM Resorts International fluctuated over the past eight quarters, ranging from 0.85% to 6.60%. In the most recent quarter, Q4 2023, the ROA stood at 2.70%, showing a slight increase compared to the previous quarter. Despite this improvement, the ROA remains below the levels seen in Q2 2022 and Q1 2023, where it reached its highest values of 6.60% and 4.45%, respectively. These fluctuations suggest that MGM Resorts International's ability to generate profits from its assets has varied over the analyzed periods. It would be important for stakeholders to further investigate the underlying reasons behind these changes in ROA to assess the company's operational efficiency and profitability.