Wynn Resorts Limited (WYNN)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	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	878,305	898,010	1,011,158	1,072,014
Total assets	US$ in thousands	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	13,871,300	13,277,100	13,165,300	13,161,200
Operating ROA		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%	6.33%	6.76%	7.68%	8.15%

December 31, 2023 calculation

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

Wynn Resorts Ltd.'s operating return on assets (operating ROA) has shown a positive trend in recent quarters. The operating ROA increased from negative figures in Q1 2022 (-2.40%) to Q4 2022 (-2.11%) and became positive in Q1 2023 (0.13%), indicating a turnaround in the company's operational efficiency and profitability.

Subsequently, the operating ROA continued to improve in the following quarters, reaching 2.06% in Q2 2023 and further increasing to 3.70% in Q3 2023. This denotes a significant enhancement in the company's ability to generate operating income relative to its total assets.

In Q4 2023, Wynn Resorts Ltd.'s operating ROA reached 6.68%, representing a substantial growth in operational efficiency and asset utilization compared to previous quarters. This demonstrates effective management of the company's assets to generate higher operating profits.

Overall, the positive trajectory of Wynn Resorts Ltd.'s operating ROA from negative values to a high of 6.68% in Q4 2023 signifies improved operational performance and increased profitability, reflecting positively on the company's financial health and management strategies.