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Melco Crown Entertainment (HKSE:06883) Cyclically Adjusted Revenue per Share : HK$0.00 (As of Mar. 2024)


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What is Melco Crown Entertainment Cyclically Adjusted Revenue per Share?

Note: As Cyclically Adjusted Revenue per Share is a main component used to calculate Cyclically Adjusted PS Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation section below is only for demostration purpose.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Melco Crown Entertainment's adjusted revenue per share for the three months ended in Mar. 2024 was HK$5.327. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is HK$0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Melco Crown Entertainment's average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Melco Crown Entertainment was 16.30% per year. The lowest was -4.10% per year. And the median was 5.90% per year.

As of today (2024-05-22), Melco Crown Entertainment's current stock price is HK$46.65. Melco Crown Entertainment's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was HK$0.00. Melco Crown Entertainment's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Melco Crown Entertainment was 5.62. The lowest was 0.55. And the median was 2.23.


Melco Crown Entertainment Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Melco Crown Entertainment's Cyclically Adjusted Revenue per Share 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.

Melco Crown Entertainment Cyclically Adjusted Revenue per Share Chart

Melco Crown Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
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Melco Crown Entertainment Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Melco Crown Entertainment's Cyclically Adjusted Revenue per Share

For the Resorts & Casinos subindustry, Melco Crown Entertainment's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Melco Crown Entertainment's Cyclically Adjusted PS Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Melco Crown Entertainment's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Melco Crown Entertainment's Cyclically Adjusted PS Ratio falls into.



Melco Crown Entertainment Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Melco Crown Entertainment's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.327/117.7354*117.7354
=5.327

Current CPI (Mar. 2024) = 117.7354.

Melco Crown Entertainment Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.583 96.409 6.818
201409 5.235 97.948 6.293
201412 5.284 99.707 6.239
201503 5.026 99.927 5.922
201506 4.351 99.267 5.160
201509 4.486 99.927 5.285
201512 5.020 102.015 5.794
201603 5.242 102.785 6.004
201606 5.086 101.686 5.889
201609 5.472 102.565 6.281
201612 5.665 103.225 6.461
201703 6.071 103.335 6.917
201706 6.197 103.664 7.038
201709 6.584 103.994 7.454
201712 6.373 104.984 7.147
201803 6.303 105.973 7.003
201806 5.901 106.193 6.542
201809 5.930 106.852 6.534
201812 6.758 107.622 7.393
201903 5.955 108.172 6.482
201906 7.015 109.601 7.536
201909 6.900 110.260 7.368
201912 6.930 110.700 7.370
202003 3.856 110.920 4.093
202006 0.834 110.590 0.888
202009 1.010 107.512 1.106
202012 2.505 109.711 2.688
202103 2.466 111.579 2.602
202106 2.691 111.360 2.845
202109 2.126 109.051 2.295
202112 2.294 112.349 2.404
202203 2.274 113.558 2.358
202206 1.422 113.448 1.476
202209 1.162 113.778 1.202
202212 1.606 114.548 1.651
202303 3.442 115.427 3.511
202306 4.545 115.647 4.627
202309 4.874 116.087 4.943
202312 5.228 117.296 5.248
202403 5.327 117.735 5.327

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Melco Crown Entertainment  (HKSE:06883) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Melco Crown Entertainment was 5.62. The lowest was 0.55. And the median was 2.23.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Melco Crown Entertainment Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Melco Crown Entertainment's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Melco Crown Entertainment (HKSE:06883) Business Description

Traded in Other Exchanges
Address
60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

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