Red Net Income vs Operating Income Analysis

RRR Stock

USD 51.25 1.50 3.02%

Red Rock financial indicator trend analysis is much more than just breaking down Red Rock Resorts prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Red Rock Resorts is a good investment. Please check the relationship between Red Rock Net Income and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Red Rock Resorts Net Income account and Operating Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Red Rock's Net Income and Operating Income is 0.87. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Operating Income in the same time period over historical financial statements of Red Rock Resorts, assuming nothing else is changed. The correlation between historical values of Red Rock's Net Income and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Red Rock Resorts are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Net Income i.e., Red Rock's Net Income and Operating Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Red Rock Resorts financial statement analysis. It represents the amount of money remaining after all of Red Rock Resorts operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Operating Income

Operating Income is the amount of profit realized from Red Rock Resorts operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Red Rock Resorts is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Red Rock's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Red Rock Resorts current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

As of 06/02/2024, Selling General Administrative is likely to grow to about 367.4 M, while Discontinued Operations is likely to drop (200.4 K).

	2021	2022	2023	2024 (projected)
Interest Expense	103.2M	129.9M	181.0M	117.7M
Depreciation And Amortization	157.8M	164.2M	132.5M	179.6M

Interest Expense Depreciation And Amortization

Red Rock fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets
Common Stock Shares Outstanding		0.56	0.78	0.82	0.43	-0.72	0.48	-0.77	0.73	-0.12	0.51	0.47	0.67	0.51	0.29	-0.21	-0.77	0.78	0.64	-0.15	-0.45	0.78	0.74	0.7	-0.82	-0.81
Total Assets	0.56		0.81	0.83	0.59	-0.35	0.97	-0.77	0.83	0.34	-0.05	0.99	0.39	-0.05	0.65	-0.41	-0.79	0.83	0.92	-0.37	-0.12	0.84	0.66	0.31	-0.76	-0.66
Short Long Term Debt Total	0.78	0.81		0.91	0.57	-0.76	0.79	-0.84	0.99	0.02	0.17	0.76	0.57	0.17	0.57	-0.46	-0.86	0.98	0.88	-0.47	-0.54	0.99	0.96	0.5	-0.87	-0.93
Other Current Liab	0.82	0.83	0.91		0.64	-0.74	0.77	-0.93	0.91	0.14	0.14	0.79	0.58	0.14	0.56	-0.3	-0.93	0.94	0.86	-0.28	-0.4	0.96	0.86	0.46	-0.9	-0.87
Total Current Liabilities	0.43	0.59	0.57	0.64		-0.25	0.63	-0.32	0.61	0.37	-0.34	0.62	0.16	-0.34	0.72	-0.45	-0.38	0.52	0.61	-0.5	-0.32	0.59	0.64	-0.08	-0.27	-0.43
Total Stockholder Equity	-0.72	-0.35	-0.76	-0.74	-0.25		-0.27	0.78	-0.72	0.21	-0.44	-0.27	-0.53	-0.44	-0.2	0.3	0.79	-0.79	-0.52	0.3	0.68	-0.78	-0.8	-0.6	0.76	0.88
Property Plant And Equipment Net	0.48	0.97	0.79	0.77	0.63	-0.27		-0.67	0.82	0.29	-0.24	0.99	0.26	-0.24	0.62	-0.39	-0.69	0.78	0.89	-0.38	-0.06	0.8	0.66	0.13	-0.66	-0.62
Current Deferred Revenue	-0.77	-0.77	-0.84	-0.93	-0.32	0.78	-0.67		-0.81	-0.1	-0.33	-0.71	-0.58	-0.33	-0.35	0.21	0.99	-0.92	-0.81	0.15	0.31	-0.9	-0.73	-0.62	0.96	0.87
Net Debt	0.73	0.83	0.99	0.91	0.61	-0.72	0.82	-0.81		0.04	0.06	0.8	0.52	0.06	0.59	-0.46	-0.83	0.97	0.89	-0.48	-0.51	0.98	0.96	0.41	-0.84	-0.9
Accounts Payable	-0.12	0.34	0.02	0.14	0.37	0.21	0.29	-0.1	0.04		-0.13	0.35	-0.22	-0.13	0.42	0.05	-0.13	0.06	0.39	-0.03	0.4	0.1	-0.02	0.02	0.09	0.04
Cash	0.51	-0.05	0.17	0.14	-0.34	-0.44	-0.24	-0.33	0.06	-0.13		-0.19	0.43	1.0	-0.09	-0.07	-0.32	0.22	0.01	-0.01	-0.31	0.17	0.12	0.91	-0.38	-0.29
Non Current Assets Total	0.47	0.99	0.76	0.79	0.62	-0.27	0.99	-0.71	0.8	0.35	-0.19		0.31	-0.19	0.65	-0.4	-0.72	0.78	0.89	-0.36	-0.07	0.8	0.63	0.17	-0.69	-0.59
Non Currrent Assets Other	0.67	0.39	0.57	0.58	0.16	-0.53	0.26	-0.58	0.52	-0.22	0.43	0.31		0.43	0.23	-0.06	-0.54	0.58	0.42	0.07	-0.59	0.57	0.53	0.57	-0.71	-0.5
Cash And Short Term Investments	0.51	-0.05	0.17	0.14	-0.34	-0.44	-0.24	-0.33	0.06	-0.13	1.0	-0.19	0.43		-0.09	-0.07	-0.32	0.22	0.01	-0.01	-0.31	0.17	0.12	0.91	-0.38	-0.29
Net Receivables	0.29	0.65	0.57	0.56	0.72	-0.2	0.62	-0.35	0.59	0.42	-0.09	0.65	0.23	-0.09		-0.47	-0.35	0.55	0.54	-0.63	-0.38	0.59	0.61	0.13	-0.36	-0.29
Good Will	-0.21	-0.41	-0.46	-0.3	-0.45	0.3	-0.39	0.21	-0.46	0.05	-0.07	-0.4	-0.06	-0.07	-0.47		0.3	-0.43	-0.33	0.92	0.59	-0.45	-0.47	-0.19	0.25	0.39
Common Stock Total Equity	-0.77	-0.79	-0.86	-0.93	-0.38	0.79	-0.69	0.99	-0.83	-0.13	-0.32	-0.72	-0.54	-0.32	-0.35	0.3		-0.93	-0.84	0.22	0.32	-0.91	-0.75	-0.61	0.93	0.9
Non Current Liabilities Total	0.78	0.83	0.98	0.94	0.52	-0.79	0.78	-0.92	0.97	0.06	0.22	0.78	0.58	0.22	0.55	-0.43	-0.93		0.88	-0.42	-0.51	1.0	0.92	0.54	-0.92	-0.93
Inventory	0.64	0.92	0.88	0.86	0.61	-0.52	0.89	-0.81	0.89	0.39	0.01	0.89	0.42	0.01	0.54	-0.33	-0.84	0.88		-0.29	-0.17	0.9	0.76	0.38	-0.75	-0.81
Other Current Assets	-0.15	-0.37	-0.47	-0.28	-0.5	0.3	-0.38	0.15	-0.48	-0.03	-0.01	-0.36	0.07	-0.01	-0.63	0.92	0.22	-0.42	-0.29		0.6	-0.45	-0.54	-0.12	0.18	0.34
Other Stockholder Equity	-0.45	-0.12	-0.54	-0.4	-0.32	0.68	-0.06	0.31	-0.51	0.4	-0.31	-0.07	-0.59	-0.31	-0.38	0.59	0.32	-0.51	-0.17	0.6		-0.51	-0.68	-0.36	0.43	0.49
Total Liab	0.78	0.84	0.99	0.96	0.59	-0.78	0.8	-0.9	0.98	0.1	0.17	0.8	0.57	0.17	0.59	-0.45	-0.91	1.0	0.9	-0.45	-0.51		0.94	0.51	-0.9	-0.92
Property Plant And Equipment Gross	0.74	0.66	0.96	0.86	0.64	-0.8	0.66	-0.73	0.96	-0.02	0.12	0.63	0.53	0.12	0.61	-0.47	-0.75	0.92	0.76	-0.54	-0.68	0.94		0.42	-0.76	-0.88
Total Current Assets	0.7	0.31	0.5	0.46	-0.08	-0.6	0.13	-0.62	0.41	0.02	0.91	0.17	0.57	0.91	0.13	-0.19	-0.61	0.54	0.38	-0.12	-0.36	0.51	0.42		-0.65	-0.58
Short Term Debt	-0.82	-0.76	-0.87	-0.9	-0.27	0.76	-0.66	0.96	-0.84	0.09	-0.38	-0.69	-0.71	-0.38	-0.36	0.25	0.93	-0.92	-0.75	0.18	0.43	-0.9	-0.76	-0.65		0.84
Intangible Assets	-0.81	-0.66	-0.93	-0.87	-0.43	0.88	-0.62	0.87	-0.9	0.04	-0.29	-0.59	-0.5	-0.29	-0.29	0.39	0.9	-0.93	-0.81	0.34	0.49	-0.92	-0.88	-0.58	0.84

Click cells to compare fundamentals

Red Rock Account Relationship Matchups

Red Rock fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	69.6M	70.5M	116.5M	104.7M	103.2M	81.3M
Total Assets	4.1B	3.7B	3.1B	3.3B	4.0B	3.8B
Short Long Term Debt Total	3.0B	2.9B	2.9B	3.0B	3.4B	3.0B
Other Current Liab	182.2M	151.4M	142.6M	232.7M	271.4M	157.5M
Total Current Liabilities	276.0M	200.3M	204.8M	293.2M	349.2M	288.1M
Total Stockholder Equity	500.7M	352.6M	59.5M	43.8M	168.8M	305.7M
Property Plant And Equipment Net	3.3B	3.1B	2.2B	2.6B	3.2B	3.0B
Current Deferred Revenue	22.2M	11.9M	15.9M	18.3M	20.2M	39.5M
Net Debt	2.9B	2.8B	2.6B	2.9B	3.3B	2.8B
Accounts Payable	34.0M	11.2M	17.5M	11.4M	25.4M	17.9M
Cash	128.8M	121.2M	275.3M	117.3M	137.6M	163.3M
Non Current Assets Total	3.8B	3.5B	2.7B	3.1B	3.7B	3.6B
Non Currrent Assets Other	106.1M	72.5M	127.3M	124.9M	81.7M	94.6M
Cash And Short Term Investments	128.8M	121.2M	275.3M	117.3M	137.6M	163.3M
Net Receivables	56.7M	35.1M	36.7M	43.6M	76.4M	51.7M
Common Stock Total Equity	706K	713K	615K	581K	522.9K	496.8K
Liabilities And Stockholders Equity	4.1B	3.7B	3.1B	3.3B	4.0B	3.8B
Non Current Liabilities Total	3.1B	2.9B	2.9B	3.0B	3.4B	3.0B
Inventory	17.8M	13.1M	11.7M	13.2M	15.3M	14.0M
Other Current Assets	17.6M	13.8M	20.4M	24.0M	(137.6M)	(130.7M)
Other Stockholder Equity	376.2M	385.6M	55.0M	0.0	7.3M	7.0M
Total Liab	3.3B	3.1B	3.1B	3.3B	3.7B	3.3B
Property Plant And Equipment Gross	3.3B	3.1B	3.4B	3.8B	4.5B	3.4B
Total Current Assets	281.6M	249.0M	429.1M	221.0M	282.3M	294.9M
Short Term Debt	37.6M	25.8M	28.9M	30.9M	32.2M	37.6M
Intangible Assets	108.5M	100.8M	87.2M	84.4M	82.8M	99.1M
Common Stock	706K	713K	615K	581K	590K	560.5K
Other Liab	40.4M	44.9M	36.0M	31.9M	28.7M	27.3M
Net Tangible Assets	196.5M	56.1M	63.3M	(236.3M)	(212.6M)	(202.0M)
Other Assets	444.6M	336.5M	391.5M	618.9M	711.7M	381.4M
Long Term Debt	3.0B	2.9B	2.8B	3.0B	3.3B	3.0B
Deferred Long Term Liab	18.7M	22.1M	34.1M	41.7M	47.9M	50.3M
Long Term Investments	8.9M	8.9M	8.2M	6.1M	5.5M	8.7M
Short Long Term Debt	34.0M	22.8M	25.9M	26.1M	26.1M	33.8M
Property Plant Equipment	3.1B	3.1B	2.2B	2.6B	3.0B	2.9B
Retained Earnings	124.4M	(33.1M)	3.9M	43.2M	160.9M	168.9M
Long Term Debt Total	3.0B	2.9B	2.8B	3.0B	3.4B	3.0B
Noncontrolling Interest In Consolidated Entity	281.9M	252.0M	(9.5M)	(11.5M)	(10.4M)	(9.9M)

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When determining whether Red Rock Resorts is a strong investment it is important to analyze Red Rock's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Red Rock's future performance. For an informed investment choice regarding Red Stock, refer to the following important reports:

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What is Red Rock's Net Worth?

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.

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Is Red Rock's industry 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 Red Rock. If investors know Red 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 Red Rock 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

(0.08)

Dividend Share

Earnings Share

2.87

Revenue Per Share

30.595

Quarterly Revenue Growth

0.127

The market value of Red Rock Resorts is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Rock's value that differs from its market value or its book value, called intrinsic value, which is Red Rock's 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 Red Rock's market value can be influenced by many factors that don't directly affect Red Rock's 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 Red Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Rock's 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.

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Red Net Income vs Operating Income Analysis

Net Income vs Operating Income

Net Income vs Operating Income Correlation Analysis

Correlation Coefficient

Net Income

Operating Income

Red Rock fundamental ratios Correlations

Red Rock Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Red Rock fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Red Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net

Intangible Assets	- 0.93	Non Current Liabilities Total
Non Current Liabilities Total	- 0.93	Common Stock Total Equity
Common Stock Total Equity	- 0.93	Other Current Liab
Current Deferred Revenue	- 0.93	Other Current Liab
Intangible Assets	- 0.93	Short Long Term Debt Total
Intangible Assets	- 0.92	Total Liab