Wynn Resorts (STU:WYR) ROCE % : 6.42% (As of Sep. 2024)

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What is Wynn Resorts 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. Wynn Resorts's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.42%.

Wynn Resorts ROCE % Historical Data

The historical data trend for Wynn Resorts'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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Wynn Resorts ROCE % Chart

Wynn Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.86

-9.64

-3.63

-0.44

8.73

Wynn Resorts Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.17	15.39	13.42	12.28	6.42

Wynn Resorts ROCE % Calculation

Wynn Resorts's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	950.83	/	( ( (12663.854 - 1709.983)	+	(12834.536 - 2017.816) )	/ 2 )
	=	950.83	/	( (10953.871	+	10816.72)	/ 2 )
	=	950.83	/	10885.2955
	=	8.73 %

Wynn Resorts's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	647.4	/	( ( (12346.222 - 2416.353)	+	(12714.37 - 2471.718) )	/ 2 )
	=	647.4	/	( ( 9929.869	+	10242.652 )	/ 2 )
	=	647.4	/	10086.2605
	=	6.42 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Wynn Resorts (STU:WYR) 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.

Wynn Resorts ROCE % Related Terms

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Wynn Resorts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Resorts Ltd (STU:WYR) » Definitions » ROCE %

Comparable Companies

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WYNN:USA WYNN:Mexico 0QYK:UK WYR:Germany W1YN34:Brazil

Address

3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109

Website

https://www.wynnresorts.com

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively.

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