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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. MGM Growth Properties LLC's annualized net income for the quarter that ended in Mar. 2022 was $277.7 Mil. MGM Growth Properties LLC's average shareholder tangible equity for the quarter that ended in Mar. 2022 was $3,161.9 Mil. Therefore, MGM Growth Properties LLC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 was 8.78%.
The historical rank and industry rank for MGM Growth Properties LLC's Return-on-Tangible-Equity or its related term are showing as below:
During the past 8 years, MGM Growth Properties LLC's highest Return-on-Tangible-Equity was 7.09%. The lowest was -4.02%. And the median was 2.95%.
The historical data trend for MGM Growth Properties LLC's Return-on-Tangible-Equity 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.
MGM Growth Properties LLC Annual Data | |||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 2.82 | 4.20 | 4.42 | 2.95 | 7.09 |
MGM Growth Properties LLC Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 8.50 | 5.86 | 6.63 | 6.76 | 8.78 |
For the REIT - Diversified subindustry, MGM Growth Properties LLC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
For the REITs industry and Real Estate sector, MGM Growth Properties LLC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MGM Growth Properties LLC's Return-on-Tangible-Equity falls into.
MGM Growth Properties LLC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2021 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2021 ) | (A: Dec. 2020 ) | (A: Dec. 2021 ) | |||||
= | 205.503 | / | ( (2640.237 | + | 3156.823 ) | / 2 ) | |
= | 205.503 | / | 2898.53 | ||||
= | 7.09 % |
MGM Growth Properties LLC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2022 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Mar. 2022 ) | (Q: Dec. 2021 ) | (Q: Mar. 2022 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Mar. 2022 ) | (Q: Dec. 2021 ) | (Q: Mar. 2022 ) | |||||
= | 277.712 | / | ( (3156.823 | + | 3166.926) | / 2 ) | |
= | 277.712 | / | 3161.8745 | ||||
= | 8.78 % |
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2022) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
MGM Growth Properties LLC (NYSE:MGP) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of MGM Growth Properties LLC's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Andy H Chien | officer: CFO and Treasurer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Paul J Salem | director | 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903 |
Daniel J Taylor | director | 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
James C. Stewart | officer: Chief Executive Officer | C/O MGM GROWTH PROPERTIES LLC, 6385 S. RAINBOW BLVD., SUITE 500, LAS VEGAS NV 89118 |
Thomas A Roberts | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Charles Irving | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BOULEVARD, SUITE 500 LAS VEGAS NV 89118 |
Kathryn Coleman | director | 6385 S RAINBOW BOULEVARD, STE. 500 LAS VEGAS NV 89118 |
Michael Rietbrock | other: Former Director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
James Murren | other: former director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Robert W Smith | director | C/O MGM GROWTH PROPERTIES LLC 6385 S. RAINBOW BLVD., SUITE 500 LAS VEGAS NV 89118 |
Sanders Corey Ian | director | 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119 |
Lau Knicks | officer: ED Acct & Finance (Controller) | 1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135 |
William Hornbuckle | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
John Mcmanus | director | 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119 |
Resorts International Mgm | 10 percent owner | 3600 LAS VEGAS BLVD S., LAS VEGAS NV 89109 |
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