Melco Resorts and Entertainment (Melco Resorts and Entertainment) Pretax Margin % : -19.39% (As of Dec. 2023)

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What is Melco Resorts and Entertainment Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Melco Resorts and Entertainment's Pre-Tax Income for the three months ended in Dec. 2023 was $-212 Mil. Melco Resorts and Entertainment's Revenue for the three months ended in Dec. 2023 was $1,094 Mil. Therefore, Melco Resorts and Entertainment's pretax margin for the quarter that ended in Dec. 2023 was -19.39%.

The historical rank and industry rank for Melco Resorts and Entertainment's Pretax Margin % or its related term are showing as below:

MLCO' s Pretax Margin % Range Over the Past 10 Years
Min: -84.35 Med: 0.08 Max: 11.05
Current: -10.65

MLCO's Pretax Margin % is ranked worse than
80.24% of 820 companies
in the Travel & Leisure industry
Industry Median: 6.31 vs MLCO: -10.65

Melco Resorts and Entertainment Pretax Margin % Historical Data

The historical data trend for Melco Resorts and Entertainment's Pretax Margin % 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.

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Melco Resorts and Entertainment Pretax Margin % Chart

Melco Resorts and Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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7.02

-84.35

-47.39

-80.89

-10.65

Melco Resorts and Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															-87.04	-14.36	-5.51	-3.42	-19.39

Competitive Comparison of Melco Resorts and Entertainment's Pretax Margin %

For the Resorts & Casinos subindustry, Melco Resorts and Entertainment's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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.

Melco Resorts and Entertainment's Pretax Margin % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Resorts and Entertainment's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Melco Resorts and Entertainment's Pretax Margin % falls into.

Melco Resorts and Entertainment Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Melco Resorts and Entertainment's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-401.908	/	3775.247
	=	-10.65 %

Melco Resorts and Entertainment's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-212.013	/	1093.613
	=	-19.39 %

Melco Resorts and Entertainment (NAS:MLCO) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Melco Resorts and Entertainment Pretax Margin % Related Terms

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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Resorts and Entertainment Ltd (NAS:MLCO) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

0A2P:UK M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.