Red Rock Resorts (NASDAQ:RRR) Is Experiencing Growth In Returns On Capital [Yahoo! Finance]
Red Rock Resorts, Inc. - Class A (RRR)
Last red rock resorts, inc. - class a earnings: 2/4 04:03 pm
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Red Rock Resorts NASDAQ:RRR ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on Red Rock Resorts is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.16 = US$591m ÷ (US$4.0b - US$349m) (Based on the trailing twelve months to December 2023) Thus, Red Rock Resorts has an ROCE of 16%. On its own, that's a standard return, however it's much better than the 9.
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News
- Earnings Preview: Red Rock Resorts (RRR) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Red Rock Resorts: Under The Radar Despite Solid Performance [Seeking Alpha]Seeking Alpha
- Red Rock Resorts, Inc. (NASDAQ: RRR) had its price target raised by analysts at Truist Financial Co. from $58.00 to $60.00. They now have a "hold" rating on the stock.MarketBeat
- Red Rock Resorts, Inc. (NASDAQ: RRR) had its price target raised by analysts at Barclays PLC from $62.00 to $64.00. They now have an "overweight" rating on the stock.MarketBeat
- Red Rock Resorts, Inc. (NASDAQ: RRR) had its price target raised by analysts at JMP Securities from $61.00 to $66.00. They now have a "market outperform" rating on the stock.MarketBeat
RRR
Earnings
- 2/7/24 - Beat
RRR
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- 3/14/24 - Form 8-K
- RRR's page on the SEC website