Wynn Resorts Limited (WYNN)

Return on assets (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
Net income (ttm) US$ in thousands 501,078 953,262 868,637 861,878 729,994 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
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
ROA 3.86% 6.76% 6.54% 6.40% 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%

December 31, 2024 calculation

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

Based on the provided data on Wynn Resorts Limited's return on assets (ROA) over various quarters, we can observe the following trends:

1. The ROA started in negative territory in March 2020 at -2.69%, indicating that the company's assets were not effectively utilized to generate profits during that period.

2. The ROA declined further by June 2020, reaching -7.50%, and continued to decrease significantly over the following quarters, hitting its lowest point at -14.90% by December 2020. These declining values suggest that the company was facing challenges in generating profits relative to its total assets during this period.

3. From March 2021 onwards, there is a gradual improvement in ROA, albeit still in negative territory. The ROA fluctuates between -14.78% and -5.38% from March 2021 to September 2022, indicating that the company's asset utilization was improving slowly.

4. In December 2022, there is a noticeable decrease in the negative ROA, dropping to -3.16%, signaling a positive shift in the company's profitability relative to its assets.

5. The trend continues to improve over the subsequent quarters, with ROA turning positive in March 2023 at 0.05% and gradually increasing to 6.76% by September 2024. This positive trend signifies that the company's profitability relative to its assets has been improving steadily.

6. However, there was a slight decline in ROA by December 2024, dropping to 3.86%. It is important for investors and stakeholders to monitor future ROA figures to assess the company's ongoing profitability and asset utilization efficiency.

Overall, the analysis of Wynn Resorts Limited's ROA shows a progression from negative values to positive figures, indicating an improvement in the company's ability to generate profits from its assets over the specified period.