Melco Historical Income Statement
| MLCO Stock | USD 5.95 0.11 1.82% |
Historical analysis of Melco Resorts income statement accounts such as Gross Profit of 862 M can show how well Melco Resorts Entertainment performed in making a profits. Evaluating Melco Resorts income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Melco Resorts's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Melco Resorts Entert latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Melco Resorts Entert is a good buy for the upcoming year.
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About Melco Income Statement Analysis
Melco Resorts Entert Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Melco Resorts shareholders. The income statement also shows Melco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Melco Resorts Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Melco Resorts Entert generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Melco Resorts Entertainment minus its cost of goods sold. It is profit before Melco Resorts operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Melco Resorts Entert. It is also known as Melco Resorts overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Melco Resorts' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Melco Resorts Entert current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melco Resorts Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Melco Resorts' Interest Expense is very stable compared to the past year. As of the 25th of November 2024, Operating Income is likely to grow to about 89.5 M, while Depreciation And Amortization is likely to drop about 374.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 520.6M | 286.5M | 891.8M | 862.0M | Total Revenue | 2.0B | 1.3B | 3.8B | 3.0B |
Melco Resorts income statement Correlations
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Melco Resorts Account Relationship Matchups
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Melco Resorts income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 633.3M | 595.6M | 557.0M | 499.3M | 543.4M | 374.8M | |
| Interest Expense | 310.1M | 340.8M | 350.5M | 376.7M | 496.8M | 521.6M | |
| Total Revenue | 5.7B | 1.7B | 2.0B | 1.3B | 3.8B | 3.0B | |
| Gross Profit | 2.1B | 189.5M | 520.6M | 286.5M | 891.8M | 862.0M | |
| Other Operating Expenses | 5.0B | 2.7B | 2.6B | 2.1B | 3.7B | 2.9B | |
| Operating Income | 747.7M | (940.6M) | (578.8M) | (743.1M) | 65.0M | 89.5M | |
| Ebit | 747.7M | (1.1B) | (592.0M) | (708.8M) | 272.6M | 286.2M | |
| Ebitda | 1.4B | (513.1M) | (35.0M) | (209.5M) | 816.0M | 491.4M | |
| Total Operating Expenses | 1.4B | 1.1B | 1.1B | 1.0B | 1.3B | 766.2M | |
| Net Income | 373.2M | (1.5B) | (956.5M) | (1.1B) | (326.9M) | (310.6M) | |
| Income Tax Expense | 8.3M | (2.9M) | 2.9M | 5.2M | 13.4M | 14.1M | |
| Selling General Administrative | 642.6M | 485.9M | 487.5M | 423.2M | 488.1M | 336.1M | |
| Cost Of Revenue | 3.6B | 1.5B | 1.5B | 1.1B | 2.9B | 2.2B | |
| Income Before Tax | 402.6M | (1.5B) | (953.6M) | (1.1B) | (401.9M) | (381.8M) | |
| Total Other Income Expense Net | (345.1M) | (517.0M) | (376.1M) | (348.8M) | (466.9M) | (443.5M) | |
| Research Development | 57.4M | 25.6M | 30.7M | 1.3M | 1.2M | 1.1M | |
| Net Income Applicable To Common Shares | 373.2M | (1.3B) | (811.8M) | (930.5M) | (837.5M) | (795.6M) | |
| Net Income From Continuing Ops | 394.2M | (1.5B) | (956.5M) | (1.1B) | (482.6M) | (458.5M) | |
| Minority Interest | 704.3M | 736.0M | 144.7M | 166.6M | 109.7M | 104.2M | |
| Tax Provision | 8.3M | (2.9M) | 2.9M | 5.2M | (677K) | (643.2K) | |
| Interest Income | 9.3M | 5.1M | 6.6M | 26.5M | 27.3M | 20.9M | |
| Net Interest Income | (304.1M) | (344.0M) | (355.0M) | (356.7M) | (445.0M) | (467.2M) | |
| Reconciled Depreciation | 651.2M | 618.5M | 579.8M | 521.9M | 520.5M | 456.8M |
Pair Trading with Melco Resorts
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Melco Resorts position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Melco Resorts will appreciate offsetting losses from the drop in the long position's value.Moving against Melco Stock
The ability to find closely correlated positions to Melco Resorts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melco Resorts when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Melco Resorts - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Melco Resorts Entertainment to buy it.
The correlation of Melco Resorts is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Melco Resorts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Melco Resorts Entert moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Melco Resorts can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Melco Resorts Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Melco Resorts. If investors know Melco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Melco Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 7.797 | Earnings Share (0.32) | Revenue Per Share 10.403 | Quarterly Revenue Growth 0.155 | Return On Assets 0.0375 |
The market value of Melco Resorts Entert is measured differently than its book value, which is the value of Melco that is recorded on the company's balance sheet. Investors also form their own opinion of Melco Resorts' value that differs from its market value or its book value, called intrinsic value, which is Melco Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Melco Resorts' market value can be influenced by many factors that don't directly affect Melco Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Melco Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Melco Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Melco Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.