Wynn Resorts Limited (WYNN)

Return on assets (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
Net income (ttm)	US$ in thousands	729,994	33,249	7,035	-228,200	-423,856	-633,457	-656,814	-658,132	-755,786	-848,098	-1,439,991	-1,946,186	-2,067,245	-1,870,685	-1,116,039	-383,924	122,985	660,793	820,404	881,609
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
ROA		5.22%	0.25%	0.05%	-1.66%	-3.16%	-5.38%	-5.57%	-5.40%	-6.03%	-6.73%	-11.06%	-14.78%	-14.90%	-13.39%	-7.50%	-2.69%	0.89%	4.98%	6.23%	6.70%

December 31, 2023 calculation

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

The return on assets (ROA) for Wynn Resorts Ltd. has shown a positive trend over the past eight quarters. In Q4 2023, the ROA increased significantly to 5.22%, compared to the previous quarters where it was low or negative. This indicates that the company is generating a higher level of income relative to its total assets in the most recent period.

The improvement in ROA from Q4 2022 to Q4 2023 suggests that Wynn Resorts Ltd. may be effectively managing its assets to generate more profitability. This positive trend could be attributed to various factors such as increased revenue, better cost management, or strategic investments that are yielding higher returns.

However, it is important to note that ROA can be influenced by various factors, including industry dynamics, economic conditions, and company-specific strategies. Therefore, it would be prudent to conduct a comprehensive analysis of the company's financial performance and operational efficiency to gain a deeper understanding of what is driving the improvement in ROA.