Ameristar Casinos (FRA:AJB) ROCE % : 12.37% (As of Mar. 2013)

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What is Ameristar Casinos ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ameristar Casinos's annualized ROCE % for the quarter that ended in Mar. 2013 was 12.37%.

Ameristar Casinos ROCE % Historical Data

The historical data trend for Ameristar Casinos's ROCE % 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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Ameristar Casinos ROCE % Chart

Ameristar Casinos Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

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-6.33

5.06

7.96

12.54

11.77

Ameristar Casinos Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
ROCE %	Get a 7-Day Free Trial															15.00	12.88	11.90	6.81	12.37

Ameristar Casinos ROCE % Calculation

Ameristar Casinos's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	166.238	/	( ( (1529.15 - 137.384)	+	(1580.597 - 147.522) )	/ 2 )
	=	166.238	/	( (1391.766	+	1433.075)	/ 2 )
	=	166.238	/	1412.4205
	=	11.77 %

Ameristar Casinos's ROCE % of for the quarter that ended in Mar. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	179.26	/	( ( (1580.597 - 147.522)	+	(1640.955 - 175.855) )	/ 2 )
	=	179.26	/	( ( 1433.075	+	1465.1 )	/ 2 )
	=	179.26	/	1449.0875
	=	12.37 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2013) EBIT data.

Ameristar Casinos (FRA:AJB) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ameristar Casinos ROCE % Related Terms

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Ameristar Casinos Business Description

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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.

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