Wynn Resorts Limited (WYNN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | -251,382 | -750,838 | -214,418 | -351,997 | 1,743,040 |
| ROE | — | — | — | — | 7.06% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $729,994K ÷ $-251,382K
= —
Return on Equity (ROE) is a key financial metric used to measure a company's profitability by evaluating how efficiently it generates profits from its shareholders' equity. Wynn Resorts Ltd.'s ROE for the years provided are as follows:
- Dec 31, 2019: 7.06%
Unfortunately, there is no ROE data available for the years 2020 to 2023 in the table provided, making it challenging to conduct a trend analysis or draw comparisons for Wynn Resorts Ltd.'s recent performance.
However, based on the sole available data point from 2019, an ROE of 7.06% indicates that for every dollar of common shareholders' equity invested in the company, Wynn Resorts generated a profit of 7.06 cents. It's important to note that a higher ROE is generally favorable as it signifies efficient use of capital and higher profitability.
Without current data points to analyze, it is recommended to monitor future financial statements and gather additional information to assess the trend and sustainability of Wynn Resorts Ltd.'s return on equity performance.
Peer comparison
Dec 31, 2023