Wynn Resorts Limited (WYNN)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	840,171	-100,676	-394,541	-1,232,040	878,305
Total assets	US$ in thousands	13,996,200	13,415,100	12,530,800	13,869,500	13,871,300
Operating ROA		6.00%	-0.75%	-3.15%	-8.88%	6.33%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $840,171K ÷ $13,996,200K
= 6.00%

Wynn Resorts Ltd.'s operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA improved to 6.68%, indicating that the company generated a higher operating income relative to its assets compared to the previous years. This suggests improved operational efficiency and profitability in the most recent year.

However, in 2022 and 2021, Wynn Resorts had negative operating ROA figures of -2.11% and -3.15% respectively, indicating that the company experienced operating losses relative to its assets during those years. This may signal challenges or inefficiencies in the company's operational performance during those periods.

The lowest operating ROA was observed in 2020 at -8.88%, highlighting a significant decline in profitability and operational efficiency. On the other hand, in 2019, the operating ROA stood at 6.33%, indicating a healthy return on assets that year.

Overall, Wynn Resorts Ltd.'s operating ROA has shown volatility in recent years, with both positive and negative trends. Investors and stakeholders should closely monitor the company's operational performance to assess its ability to generate income from its assets effectively.