MGM Resorts International (MGM)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,811,170	3,965,720	4,416,170	4,839,660	4,831,530	4,841,690	5,733,570	5,065,340	6,070,640	6,829,950	6,180,180	6,306,830	6,504,730	6,861,100	7,374,790	8,173,910	7,727,260	6,060,550	6,520,480	6,786,200
ROE		29.97%	28.06%	8.49%	40.46%	30.49%	27.27%	56.64%	30.96%	20.66%	9.89%	-19.57%	-34.43%	-15.88%	20.79%	26.09%	34.56%	26.52%	0.23%	2.98%	4.05%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,142,180K ÷ $3,811,170K
= 29.97%

MGM Resorts International's return on equity (ROE) has fluctuated over the past eight quarters, ranging from a low of 8.28% in Q2 2023 to a high of 55.71% in Q2 2022. The ROE for Q4 2023 stands at 30.03%, showing a solid performance in generating profits relative to shareholders' equity. The company's ROE has generally been above 20% in recent quarters, indicating a strong ability to generate profits from the shareholders' investments. However, the significant variance in ROE values suggests some volatility in the company's profitability and efficiency in utilizing shareholder equity. Further analysis would be needed to determine the factors driving these fluctuations and to assess the overall sustainability and effectiveness of MGM Resorts International's operations.