GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Full House Resorts Inc (NAS:FLL) » Definitions » Asset Turnover
中文

Full House Resorts (Full House Resorts) Asset Turnover : 0.09 (As of Dec. 2023)


View and export this data going back to 1993. Start your Free Trial

What is Full House Resorts Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Full House Resorts's Revenue for the three months ended in Dec. 2023 was $60.0 Mil. Full House Resorts's Total Assets for the quarter that ended in Dec. 2023 was $676.8 Mil. Therefore, Full House Resorts's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.

Asset Turnover is linked to ROE % through Du Pont Formula. Full House Resorts's annualized ROE % for the quarter that ended in Dec. 2023 was -59.64%. It is also linked to ROA % through Du Pont Formula. Full House Resorts's annualized ROA % for the quarter that ended in Dec. 2023 was -7.38%.


Full House Resorts Asset Turnover Historical Data

The historical data trend for Full House Resorts's Asset Turnover 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.

* Premium members only.

Full House Resorts Asset Turnover Chart

Full House Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.59 0.53 0.31 0.38

Full House Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.08 0.09 0.11 0.09

Competitive Comparison of Full House Resorts's Asset Turnover

For the Resorts & Casinos subindustry, Full House Resorts's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Full House Resorts's Asset Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Full House Resorts's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Full House Resorts's Asset Turnover falls into.



Full House Resorts Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Full House Resorts's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=241.06/( (595.329+688.457)/ 2 )
=241.06/641.893
=0.38

Full House Resorts's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=60.029/( (665.104+688.457)/ 2 )
=60.029/676.7805
=0.09

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Full House Resorts  (NAS:FLL) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Full House Resorts's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=-49.928/83.7105
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-49.928 / 240.116)*(240.116 / 676.7805)*(676.7805/ 83.7105)
=Net Margin %*Asset Turnover*Equity Multiplier
=-20.79 %*0.3548*8.0848
=ROA %*Equity Multiplier
=-7.38 %*8.0848
=-59.64 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Full House Resorts's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=-49.928/676.7805
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-49.928 / 240.116)*(240.116 / 676.7805)
=Net Margin %*Asset Turnover
=-20.79 %*0.3548
=-7.38 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Full House Resorts Asset Turnover Related Terms

Thank you for viewing the detailed overview of Full House Resorts's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Full House Resorts (Full House Resorts) Business Description

Traded in Other Exchanges
Address
1980 Festival Plaza Drive, Suite 680, One Summerlin, Las Vegas, NV, USA, 89135
Full House Resorts Inc owns, operates, develops, manages, and invests in casinos and related hospitality and entertainment facilities. It offers facilities related to gaming, hotel, dining, entertainment, retail, and other amenities. The group's operating segments include the Bronco Billy's Casino and Hotel in Colorado, The Temporary by American Place in Illinois, Rising Star Casino Resort in Indiana, Silver Slipper Casino and Hotel in Mississippi, Grand Lodge Casino in Nevada, and Contracted Sports Wagering. There are some under-construction projects too. Geographically, the casino operations of the company are managed in the United States. It derives revenues from the operating casinos.
Executives
Kathleen M Caracciolo director 5922 CLOVERLEAF DRIVE, MAYS LANDING NJ 08330
Eric J Green director C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Daniel R Lee director, officer: Chief Executive Officer C/O CREATIVE CASINOS LLC, 10801 W CHARLESTON BLVD #420, LAS VEGAS NV 89135
Lewis A. Fanger officer: Sr. VP, CFO and Treasurer C/O FULL HOUSE RESORTS, INC., 4670 S. FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Michael A. Hartmeier director C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Carl G Braunlich director 4670 SOUTH FORT APACHE ROAD, SUITE 190, LAS VEGAS NV 89147
Elaine Guidroz officer: Secretary C/O FULL HOUSE RESORTS, INC., 777 RISING STAR DRIVE, RISING SUN IN 47040
Kenneth Robert Adams director 210 MARSH AVE SUITE 103, RENO NV 89509
Lynn M Handler director C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
John Ferrucci officer: Chief Operating Officer C/O FULL HOUSE RESORTS, INC., 1980 FESTIVAL PLAZA DRIVE, SUITE 680, LAS VEGAS NV 89135
Michael P Shaunnessy director 50 BRIAR HOLLOW LANE, STE 500W, HOUSTON TX 77027
Bradley M Tirpak director 50 ORCHARD ST., NEW YORK NY 10002
Craig W Thomas director 2100 CRESCENT AVENUE, CHARLOTTE NC 28207
Ellis Landau director CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148
Garrett W.h. Baird director C/O ELASTIC N.V., 800 WEST EL CAMINO REAL SUITE 350, MOUNTAIN VIEW CA 94040