1-Year Return on Invested Incremental Capital (1-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 1-year.
Nevada Gold & Casinos's 1-Year ROIIC % for the quarter that ended in Jan. 2019 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Nevada Gold & Casinos's 1-Year ROIIC % or its related term are showing as below:
UWN's 1-Year ROIIC % is not ranked *
in the Travel & Leisure industry.
Industry Median: 5.4 * Ranked among companies with meaningful 1-Year ROIIC % only.
Nevada Gold & Casinos 1-Year ROIIC % Historical Data
The historical data trend for Nevada Gold & Casinos's 1-Year ROIIC % 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.
Competitive Comparison of Nevada Gold & Casinos's 1-Year ROIIC %
For the Resorts & Casinos subindustry, Nevada Gold & Casinos's 1-Year ROIIC %, along with its competitors' market caps and 1-Year ROIIC % 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.
Nevada Gold & Casinos's 1-Year ROIIC % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Nevada Gold & Casinos's 1-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Nevada Gold & Casinos's 1-Year ROIIC % falls into.
Nevada Gold & Casinos 1-Year ROIIC % Calculation
Nevada Gold & Casinos's 1-Year ROIIC % for the quarter that ended in Jan. 2019 is calculated as:
1-Year ROIIC %
=
1-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
1-Year Incremental Invested Capital
=
( 1.8205 (Jan. 2019) - 2.1983 (Jan. 2018) )
/
( 20.807 (Jan. 2019) - 37.056 (Jan. 2018) )
=
-0.3778
/
-16.249
=
2.33%***
* 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.
** TTM data of NOPAT and Invested Capital was used to calculate 1-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Nevada Gold & Casinos 1-Year ROIIC % Related Terms
Thank you for viewing the detailed overview of Nevada Gold & Casinos's 1-Year ROIIC % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description
Nevada Gold & Casinos Inc is a gaming company involved in financing, developing, owning and operating gaming properties and projects. It operates with Washington, South Dakota, Nevada and Corporate segments. The Washington Gold segment consists of the Washington mini-casinos. The South Dakota Gold segment includes slot route operation in South Dakota. The Nevada segment consists of club fortune casino and corporate segment includes the vacant land in Colorado and its taxes and maintenance expenses. The firm has approximately 540 slot machines, seven table games and a poker room, two bars, an entertainment lounge, a William Hill sports book, a cafe, a snack bar, and a gift shop. Nevada derives the majority of revenue from casino operation and rests from others.
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