Boyd Net Invested Capital from 2010 to 2024
| BYD Stock | USD 54.12 0.04 0.07% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 4.7 B | Current Value 5.2 B | Quarterly Volatility 409.5 M |
Check Boyd Gaming financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boyd main balance sheet or income statement drivers, such as Depreciation And Amortization of 184.9 M, Interest Expense of 168.3 M or Selling General Administrative of 410.9 M, as well as many exotic indicators such as Price To Sales Ratio of 1.78, Dividend Yield of 0.0151 or PTB Ratio of 2.02. Boyd financial statements analysis is a perfect complement when working with Boyd Gaming Valuation or Volatility modules.
Boyd | Net Invested Capital |
Latest Boyd Gaming's Net Invested Capital Growth Pattern
Below is the plot of the Net Invested Capital of Boyd Gaming over the last few years. It is the total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents. Boyd Gaming's Net Invested Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Boyd Gaming's overall financial position and show how it may be relating to other accounts over time.
| Net Invested Capital | 10 Years Trend |
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Net Invested Capital |
| Timeline |
Boyd Net Invested Capital Regression Statistics
| Arithmetic Mean | 4,512,230,010 | |
| Geometric Mean | 4,495,424,555 | |
| Coefficient Of Variation | 9.08 | |
| Mean Deviation | 357,732,277 | |
| Median | 4,176,856,000 | |
| Standard Deviation | 409,502,498 | |
| Sample Variance | 167692.3T | |
| Range | 1B | |
| R-Value | 0.75 | |
| Mean Square Error | 78410.4T | |
| R-Squared | 0.57 | |
| Significance | 0 | |
| Slope | 68,877,657 | |
| Total Sum of Squares | 2347692.1T |
Boyd Net Invested Capital History
About Boyd Gaming Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Boyd Gaming income statement, its balance sheet, and the statement of cash flows. Boyd Gaming investors use historical funamental indicators, such as Boyd Gaming's Net Invested Capital, to determine how well the company is positioned to perform in the future. Although Boyd Gaming investors may use each financial statement separately, they are all related. The changes in Boyd Gaming's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Boyd Gaming's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Boyd Gaming Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Boyd Gaming. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Invested Capital | 4.7 B | 5.2 B |
Pair Trading with Boyd Gaming
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boyd Gaming position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boyd Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
| 0.56 | JD | JD Inc Adr Aggressive Push | PairCorr |
The ability to find closely correlated positions to Boyd Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boyd Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boyd Gaming to buy it.
The correlation of Boyd Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boyd Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Gaming moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boyd Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Boyd Gaming Correlation against competitors. For information on how to trade Boyd Stock refer to our How to Trade Boyd Stock guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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When running Boyd Gaming's price analysis, check to measure Boyd Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boyd Gaming is operating at the current time. Most of Boyd Gaming's value examination focuses on studying past and present price action to predict the probability of Boyd Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boyd Gaming's price. Additionally, you may evaluate how the addition of Boyd Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Boyd Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Boyd Gaming. If investors know Boyd will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Boyd Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.27) | Dividend Share 0.65 | Earnings Share 5.59 | Revenue Per Share 37.433 | Quarterly Revenue Growth (0) |
The market value of Boyd Gaming is measured differently than its book value, which is the value of Boyd that is recorded on the company's balance sheet. Investors also form their own opinion of Boyd Gaming's value that differs from its market value or its book value, called intrinsic value, which is Boyd Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Boyd Gaming's market value can be influenced by many factors that don't directly affect Boyd Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Boyd Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boyd Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boyd Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.