Wynn Resorts Limited (WYNN)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 501,078 729,994 -423,856 -755,786 -2,067,240
Total assets US$ in thousands 12,978,000 13,996,200 13,415,100 12,530,800 13,869,500
ROA 3.86% 5.22% -3.16% -6.03% -14.90%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $501,078K ÷ $12,978,000K
= 3.86%

The return on assets (ROA) for Wynn Resorts Limited has shown a significant improvement over the past few years. From a negative ROA of -14.90% as of December 31, 2020, the company has gradually reduced its losses, reaching a negative ROA of -6.03% by the end of 2021 and further improving to -3.16% by the end of 2022.

However, there was a notable turnaround in the company's performance by December 31, 2023, as the ROA turned positive at 5.22%, indicating a more efficient utilization of its assets to generate profits. This positive trend continued into the following year, December 31, 2024, with the ROA slightly lower at 3.86%, but still demonstrating a profitable use of assets.

Overall, the improving trend in ROA suggests that Wynn Resorts Limited has been successful in generating earnings relative to its assets in recent years, indicating better operational efficiency and potentially stronger financial performance.