Boyd Gaming (Boyd Gaming) ROCE %

: 10.91% (As of Dec. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Boyd Gaming's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.91%.

Boyd Gaming ROCE % Historical Data

The historical data trend for Boyd Gaming's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Boyd Gaming Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

7.73

0.98

13.73

17.21

16.21

Boyd Gaming Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																19.06	21.15	17.14	15.29	10.91

Boyd Gaming ROCE % Calculation

Boyd Gaming's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	924.154	/	( ( (6311.127 - 586.134)	+	(6273.126 - 596.322) )	/ 2 )
	=	924.154	/	( (5724.993	+	5676.804)	/ 2 )
	=	924.154	/	5700.8985
	=	16.21 %

Boyd Gaming's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	622.1	/	( ( (6311.611 - 583.419)	+	(6273.126 - 596.322) )	/ 2 )
	=	622.1	/	( ( 5728.192	+	5676.804 )	/ 2 )
	=	622.1	/	5702.498
	=	10.91 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Boyd Gaming (NYSE:BYD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Boyd Gaming ROCE % Related Terms

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Boyd Gaming (Boyd Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Boyd Gaming Corp (NYSE:BYD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BO5:Germany

Address

6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.boydgaming.com

Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.

Executives

William S Boyd	director, 10 percent owner, officer: Co-Executive Chair	2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
William R Boyd	director, officer: Vice President	C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Marianne Boyd Johnson	director, officer: Executive Vice President
Stephen S. Thompson	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Christine J. Spadafor	director	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Keith Smith	director, officer: President & CEO
Ted Bogich	officer: Executive Vice President	3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Josh Hirsberg	officer: Exec. V.P., Treasurer & CFO	C/O BOYD GAMING CORPORATION, 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Lori M. Nelson	officer: SVP Fin Ops and Reporting	6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Veronica J Wilson	director	C/O BOYD GAMING, 2950 INDUSTRIAL RD, LAS VEGAS NV 89109
Uri Clinton	officer: EVP,General Counsel,Secretary	C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Anthony D Mcduffie	officer: VP & Chief Accounting Officer	C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
A. Randall Thoman	director	8360 S. DURANGO DR., LAS VEGAS NV 89113
John Robert Bailey	director	1106 PALMS AIRPORT DRIVE, LAS VEGAS NV 89119
Paul W Whetsell	director	4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203