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Red Rock Resorts (Red Rock Resorts) Sloan Ratio % : 8.48% (As of Dec. 2023)


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What is Red Rock Resorts Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Red Rock Resorts's Sloan Ratio for the quarter that ended in Dec. 2023 was 8.48%.

As of Dec. 2023, Red Rock Resorts has a Sloan Ratio of 8.48%, indicating the company is in the safe zone and there is no funny business with accruals.


Red Rock Resorts Sloan Ratio % Historical Data

The historical data trend for Red Rock Resorts's Sloan Ratio % 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.

Red Rock Resorts Sloan Ratio % Chart

Red Rock Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 -7.85 -30.39 3.15 8.48

Red Rock Resorts Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % 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 3.15 7.35 12.13 8.91 8.48

Competitive Comparison of Red Rock Resorts's Sloan Ratio %

For the Resorts & Casinos subindustry, Red Rock Resorts's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.


Red Rock Resorts's Sloan Ratio % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Red Rock Resorts's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Red Rock Resorts's Sloan Ratio % falls into.



Red Rock Resorts Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Red Rock Resorts's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(176.004-494.337
--653.851)/3954.512
=8.48%

Red Rock Resorts's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(176.004-494.337
--653.851)/3954.512
=8.48%

Red Rock Resorts's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 44.676 (Mar. 2023 ) + 39.513 (Jun. 2023 ) + 35.516 (Sep. 2023 ) + 56.299 (Dec. 2023 ) = $176 Mil.
Red Rock Resorts's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 140.522 (Mar. 2023 ) + 94.659 (Jun. 2023 ) + 100.22 (Sep. 2023 ) + 158.936 (Dec. 2023 ) = $494 Mil.
Red Rock Resorts's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -179.971 (Mar. 2023 ) + -204.163 (Jun. 2023 ) + -136.403 (Sep. 2023 ) + -133.314 (Dec. 2023 ) = $-654 Mil.

* 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.


Red Rock Resorts  (NAS:RRR) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Red Rock Resorts has a Sloan Ratio of 8.48%, indicating the company is in the safe zone and there is no funny business with accruals.


Red Rock Resorts Sloan Ratio % Related Terms

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Red Rock Resorts (Red Rock Resorts) Business Description

Traded in Other Exchanges
Address
1505 South Pavilion Center Drive, Las Vegas, NV, USA, 89135
Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically-located casino and entertainment properties. It generates a majority of its revenue from Casino.
Executives
Robert A Finch officer: EVP & Chief Operating Officer C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Scott Kreeger officer: President 2535 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS CA 89109
Fertitta Frank J Iii director, 10 percent owner 2411 W SAHARA AVE, LAS VEGAS NV 89102
Lorenzo J Fertitta director, 10 percent owner 2960 W SAHARA AVENUE, LAS VEGAS NV 89102
Joseph J Hasson officer: EVP of Operations C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Richard J Haskins officer: President
Jeffrey T Welch officer: EVP and Chief Legal Officer C/O RED ROCK RESORTS,INC., 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Robert E Lewis director 2411 W. SAHARA AVE, LAS VEGAS NV 89102
Cashell Robert A. Jr director 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Marc J. Falcone officer: EVP, CFO and Treasuer 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Daniel J Roy officer: EVP and COO 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Nave James E D V M director 2411 W SAHARA AVENUE, LAS VEGAS NV 89102
Stephen Lawrence Cootey officer: See Remarks C/O RED ROCK RESORTS, INC., 1505 SOUTH PAVILION CENTER DRIVE,, LAS VEGAS NV 89135
Bank Ag\ Deutsche 10 percent owner TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000
Fi Station Investor Llc director, 10 percent owner 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135

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