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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Gaming and Leisure Properties's annualized net income for the quarter that ended in Mar. 2024 was $698 Mil. Gaming and Leisure Properties's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $3,504 Mil. Therefore, Gaming and Leisure Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 19.91%.
The historical rank and industry rank for Gaming and Leisure Properties's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Gaming and Leisure Properties's highest Return-on-Tangible-Equity was 40.76%. The lowest was 20.58%. And the median was 23.81%.
The historical data trend for Gaming and Leisure Properties's Return-on-Tangible-Equity 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.
Gaming and Leisure Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 26.40 | 29.31 | 23.35 | 24.27 | 22.11 |
Gaming and Leisure Properties Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 23.50 | 20.02 | 22.93 | 24.74 | 19.91 |
For the REIT - Specialty subindustry, Gaming and Leisure Properties's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Return-on-Tangible-Equity falls into.
Gaming and Leisure Properties's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 734.283 | / | ( (3125.134 | + | 3517.635 ) | / 2 ) | |
= | 734.283 | / | 3321.3845 | ||||
= | 22.11 % |
Gaming and Leisure Properties's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 697.856 | / | ( (3517.635 | + | 3491.224) | / 2 ) | |
= | 697.856 | / | 3504.4295 | ||||
= | 19.91 % |
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
Gaming and Leisure Properties (NAS:GLPI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of Gaming and Leisure Properties's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven Ladany | officer: SVP Chief Development Officer | 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610 |
Brandon John Moore | officer: SVP & General Counsel | 845 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610 |
Matthew Demchyk | officer: SVP, Investments | 845 BERKSHIRE BOULEVARD, WYOMISSING PA 19610 |
Desiree A. Burke | officer: Chief Accounting Officer | 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
Barry F Schwartz | director | 35 EAST 62ND ST, NEW YORK NY 10021 |
E Scott Urdang | director | 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
Joanne A. Epps | director, Director | C/O PENN, REAL ESTATE INVESTMENT TRUST, THE BELLEVUE, 200 S. BROAD STREET, PHILADELPHIA PA 19102 |
Earl C Shanks | director | CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202 |
Peter M Carlino | director, officer: CEO & President | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
Carol Lynton | director | C/O EL POLLO HOLDINGS, INC., 3535 HARBOR BOULEVARD, SUITE 100, COSTA MESA CA 92626 |
Marshall Joseph W Iii | director | 500 OFFICE CENTER DRIVE, SUITE 400, FT. WASHINGTON PA 19034 |
David A Handler | director | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
William J Clifford | officer: CFO, Sec. & Treas. | 845 BERKSHIRE BLVD. SUITE 200, WYOMISSING PA 19610 |
James Perry | director | |
Steven T. Snyder | officer: SR VP-Corp Development | 845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
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