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Ameristar Casinos (FRA:AJB) Return-on-Tangible-Asset : 3.64% (As of Mar. 2013)


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What is Ameristar Casinos Return-on-Tangible-Asset?

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. Ameristar Casinos's annualized Net Income for the quarter that ended in Mar. 2013 was €55.5 Mil. Ameristar Casinos's average total tangible assets for the quarter that ended in Mar. 2013 was €1,524.9 Mil. Therefore, Ameristar Casinos's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2013 was 3.64%.

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

FRA:AJB's Return-on-Tangible-Asset is not ranked *
in the Travel & Leisure industry.
Industry Median: 2.25
* Ranked among companies with meaningful Return-on-Tangible-Asset only.

Ameristar Casinos Return-on-Tangible-Asset Historical Data

The historical data trend for Ameristar Casinos'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.

Ameristar Casinos Return-on-Tangible-Asset Chart

Ameristar Casinos Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.10 -0.22 0.45 0.35 3.93

Ameristar Casinos Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
Return-on-Tangible-Asset 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 8.53 3.69 3.22 0.24 3.64

Competitive Comparison of Ameristar Casinos's Return-on-Tangible-Asset

For the Resorts & Casinos subindustry, Ameristar Casinos'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.


Ameristar Casinos's Return-on-Tangible-Asset Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Ameristar Casinos's Return-on-Tangible-Asset falls into.


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Ameristar Casinos Return-on-Tangible-Asset Calculation

Ameristar Casinos's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2012 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2012 )  (A: Dec. 2011 )(A: Dec. 2012 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2012 )  (A: Dec. 2011 )(A: Dec. 2012 )
=58.167/( (1465.635+1495.124)/ 2 )
=58.167/1480.3795
=3.93 %

Ameristar Casinos's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2013 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2013 )  (Q: Dec. 2012 )(Q: Mar. 2013 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2013 )  (Q: Dec. 2012 )(Q: Mar. 2013 )
=55.516/( (1495.124+1554.593)/ 2 )
=55.516/1524.8585
=3.64 %

* 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 four times the quarterly (Mar. 2013) net income data.


Ameristar Casinos  (FRA:AJB) 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.


Ameristar Casinos Return-on-Tangible-Asset Related Terms

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Ameristar Casinos Business Description

Traded in Other Exchanges
N/A
Address
Website
Ameristar Casinos Inc was incorporated in Nevada in 1993. The Company is a developer, owner and operator of casino entertainment facilities in local and regional markets. It has eight properties in seven markets. The Company's portfolio of casinos consists of: Ameristar Casino Resort Spa St. Charles; Ameristar Casino Hotel Kansas City; Ameristar Casino Hotel Council Bluffs; Ameristar Casino Resort Spa Black Hawk; Ameristar Casino Hotel Vicksburg; Ameristar Casino Hotel East Chicago; and Cactus Petes Resort Casino and The Horseshu Hotel and Casino in Jackpot, Nevada. Ameristar Casino Resort Spa St. Charles serves the greater St. Louis metropolitan market with a large casino and a variety of amenities, including its luxury all-suite hotel and spa. The hotel also features a 7,000-square-foot, full-service spa and an indoor/outdoor pool. Its hotel offers a mix of suites and standard rooms that feature custom finishes. Guests can select from nine restaurants and seven bars/lounges. Ameristar Casino Hotel Council Bluffs serves the Omaha and southwestern Iowa markets. The property's hotel and Main Street Pavilion comprise its landside facilities. Ameristar Casino Hotel Council Bluffs' 160 rooms include luxury suites and king whirlpool rooms. The property also offers dining and meeting space. Ameristar Casino Resort Spa Black Hawk is a gaming and resort destination with a luxury hotel. The 33-story hotel tower offers both luxury rooms and suites and a meeting and event center. It has Black Hawk's only full-service spa, an enclosed rooftop swimming pool and indoor/outdoor whirlpool spas. The property also has four dining venues and several bars. Ameristar Casino Resort Spa Black Hawk is located in the center of the Black Hawk gaming district, approximately 40 miles west of Denver, and it caters primarily to patrons from the Denver metropolitan area and surrounding states. Ameristar Casino Hotel Vicksburg attributes to its location and gaming, lodging and dining offerings. The property has the market's only live poker room and a 1,000-space parking garage with direct access to the casino. The property has three dining venues and meeting space. Ameristar Casino Hotel Vicksburg is located one-quarter mile north of Interstate 20 in Vicksburg, Mississippi. Ameristar Casino Hotel East Chicago serves metropolitan Chicago and Northwest Indiana. East Chicago's dining choices include six restaurants and two bars. The property also features a newly renovated hotel, banquet space and a Star Club players' lounge. Cactus Petes Resort Casino and The Horseshu Hotel and Casino are located in Jackpot, Nevada, just south of the Idaho border. The properties' resort amenities include a hotel, an Olympic-sized pool, a heated spa, a styling salon, a recreational vehicle park and access to a nearby 18-hole golf course. In addition, an adjacent general store and service station serve guests and regional travelers.

Ameristar Casinos Headlines

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