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Galaxy Entertainment Group Return-on-Tangible-Asset

: 2.06% (As of Jun. 2021)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Galaxy Entertainment Group's annualized Net Income for the quarter that ended in Jun. 2021 was $244 Mil. Galaxy Entertainment Group's average total tangible assets for the quarter that ended in Jun. 2021 was $11,855 Mil. Therefore, Galaxy Entertainment Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 was 2.06%.

The historical rank and industry rank for Galaxy Entertainment Group's Return-on-Tangible-Asset or its related term are showing as below:

OTCPK:GXYYY' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.24   Med: 14.27   Max: 22.89
Current: -0.18

-4.24
22.89

During the past 13 years, Galaxy Entertainment Group's highest Return-on-Tangible-Asset was 22.89%. The lowest was -4.24%. And the median was 14.27%.

OTCPK:GXYYY's Return-on-Tangible-Asset is ranked higher than
60% of the 876 Companies
in the Travel & Leisure industry.

( Industry Median: -2.18 vs. OTCPK:GXYYY: -0.18 )

Galaxy Entertainment Group Return-on-Tangible-Asset Historical Data

The historical data trend for Galaxy Entertainment Group's Return-on-Tangible-Asset 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.

Galaxy Entertainment Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.54 14.15 15.93 14.36 -4.25

Galaxy Entertainment Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Return-on-Tangible-Asset 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 Premium Member Only Premium Member Only Premium Member Only 14.97 13.63 -6.09 -2.41 2.06

Competitive Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.

   

Galaxy Entertainment Group Return-on-Tangible-Asset Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Galaxy Entertainment Group's Return-on-Tangible-Asset falls into.



Galaxy Entertainment Group Return-on-Tangible-Asset Calculation

Galaxy Entertainment Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2020 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2020 )  (A: Dec. 2019 )(A: Dec. 2020 )
=-512.52957339491/( (12190.614132872+11915.733562094)/ 2 )
=-512.52957339491/12053.173847483
=-4.25 %

Galaxy Entertainment Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Dec. 2020 )(Q: Jun. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2021 )  (Q: Dec. 2020 )(Q: Jun. 2021 )
=244.0529780847/( (11915.733562094+11794.693301725)/ 2 )
=244.0529780847/11855.21343191
=2.06 %

* 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Jun. 2021) net income data.


Galaxy Entertainment Group  (OTCPK:GXYYY) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Galaxy Entertainment Group Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Galaxy Entertainment Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Galaxy Entertainment Group Business Description

Galaxy Entertainment Group logo
Industry
Traded in Other Exchanges
Address
111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino license holders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau phases 1 and 2 in Cotai, with a hotel room inventory of approximately 4,300.
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