Wynn Resorts Limited (WYNN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	729,994	-423,856	-755,786	-2,067,240	122,985
Total assets	US$ in thousands	13,996,200	13,415,100	12,530,800	13,869,500	13,871,300
ROA		5.22%	-3.16%	-6.03%	-14.90%	0.89%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $729,994K ÷ $13,996,200K
= 5.22%

Wynn Resorts Ltd.'s return on assets has shown varying trends over the past five years. In 2023, the ROA was positive at 5.22%, indicating that the company generated a net income of 5.22% for every dollar of assets it holds. This represents a significant improvement compared to the negative ROAs in the previous two years, where the company experienced losses relative to its asset base.

The negative ROAs in 2022 (-3.16%) and 2021 (-6.03%) suggest that Wynn Resorts struggled to generate profits from its assets during those periods. The most noteworthy decline was observed in 2020, with an ROA of -14.90%, indicating substantial losses relative to its asset base. However, the positive ROA of 0.89% in 2019 shows that the company was able to generate a modest profit from its assets during that year.

Overall, the fluctuating ROA of Wynn Resorts Ltd. over the past five years reflects the company's varying levels of profitability in relation to its asset base. It is essential for the company to sustain and improve its ROA to maximize the efficiency of its asset utilization and enhance its overall financial performance.