Wynn Resorts Limited (WYNN)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,132,731	1,123,561	1,052,919	1,033,597	840,171	581,654	466,068	163,704	-100,676	-305,508	-336,181	-313,674	-394,541	-467,528	-666,871	-1,160,366	-1,232,045	-826,856	-366,014	375,718
Total assets	US$ in thousands	12,978,000	14,111,400	13,289,800	13,470,700	13,996,200	13,336,300	13,783,700	13,724,000	13,415,100	11,779,300	11,788,500	12,179,300	12,530,800	12,607,700	13,022,700	13,166,900	13,869,500	13,967,100	14,885,700	14,273,300
Operating ROA		8.73%	7.96%	7.92%	7.67%	6.00%	4.36%	3.38%	1.19%	-0.75%	-2.59%	-2.85%	-2.58%	-3.15%	-3.71%	-5.12%	-8.81%	-8.88%	-5.92%	-2.46%	2.63%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,132,731K ÷ $12,978,000K
= 8.73%

Based on the data provided, Wynn Resorts Limited's operating return on assets (ROA) experienced fluctuations over the period under review. The operating ROA started at a modest 2.63% as of March 31, 2020, but turned negative in the subsequent quarters, reaching its lowest point of -8.88% by December 31, 2020.

The negative trend continued into the first half of 2021, with operating ROA ranging between -8.81% and -2.85%. However, a positive turnaround began in the second half of 2023, with operating ROA steadily increasing to reach a peak of 8.73% by December 31, 2024.

Overall, Wynn Resorts Limited's operating ROA displayed significant variability over the period, reflecting the company's operational efficiency and performance in generating profits relative to its asset base. The positive trend towards the end of the period indicates an improvement in the company's asset utilization and profitability.