Concorde Gaming Corporation
Concorde Gaming Corporation, through its wholly owned subsidiaries, owns and operates casinos. It operates Golden Gates Casino and Golden Gulch Casino in Black Hawk, Colorado; and Casino Princesa, an offshore gaming vessel in Miami, Florida. The Golden Gates Casino offers blackjack tables and gaming machines. In addition, it provides liquor bar and nightly valet parking. Golden Gulch Casino offer… Read more
Concorde Gaming Corporation (CGAM) - Net Assets
Latest net assets as of December 2003: $-837.61K USD
Based on the latest financial reports, Concorde Gaming Corporation (CGAM) has net assets worth $-837.61K USD as of December 2003.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.76 Million) and total liabilities ($26.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-837.61K |
| % of Total Assets | -3.25% |
| Annual Growth Rate | -32.04% |
| 5-Year Change | -73.96% |
| 10-Year Change | N/A |
| Growth Volatility | 61.41 |
Concorde Gaming Corporation - Net Assets Trend (1997–2003)
This chart illustrates how Concorde Gaming Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Concorde Gaming Corporation (1997–2003)
The table below shows the annual net assets of Concorde Gaming Corporation from 1997 to 2003.
| Year | Net Assets | Change |
|---|---|---|
| 2003-09-30 | $516.67K | -64.27% |
| 2002-09-30 | $1.45 Million | +154.00% |
| 2001-09-30 | $-2.68 Million | -56.60% |
| 2000-09-30 | $-1.71 Million | -186.17% |
| 1999-09-30 | $1.98 Million | -32.01% |
| 1998-09-30 | $2.92 Million | -44.33% |
| 1997-09-30 | $5.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Concorde Gaming Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 660.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2003)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $250.70K | % |
| Other Components | $4.01 Million | % |
| Total Equity | $-2.91 Million | 100.00% |
Concorde Gaming Corporation Competitors by Market Cap
The table below lists competitors of Concorde Gaming Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amazonas Florestal Ltd
PINK:AZFL
|
$0.91 |
|
Silverstar Holdings Ltd
PINK:SSTRF
|
$0.91 |
|
DNA Brands Inc
PINK:DNAX
|
$0.91 |
|
Radiant Energy Corporation
PINK:RDEGF
|
$0.91 |
|
Nw Tech Capital Inc
PINK:NWTT
|
$0.91 |
|
Dunes Exploration Ltd
PINK:DYRFF
|
$0.91 |
|
Global Vision Holdings Inc
PINK:GVHIB
|
$0.91 |
|
EGPI Firecreek Inc
PINK:EFIR
|
$0.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Concorde Gaming Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2002 to 2003, total equity changed from -1,979,051 to -2,908,328, a change of -929,277.
- Net loss of 649,277 reduced equity.
- Other factors decreased equity by 280,000.
Equity Change Factors (2002 to 2003)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-649.28K | -22.32% |
| Other Changes | $-280.00K | -9.63% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Concorde Gaming Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Concorde Gaming Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.05%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-16.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 17.74% | 13.93% | 0.97x | 1.32x | $405.91K |
| 1998 | -84.09% | -58.06% | 0.28x | 5.22x | $-2.75 Million |
| 1999 | -48.86% | -5.09% | 1.08x | 8.92x | $-1.17 Million |
| 2000 | 0.00% | -21.34% | 1.04x | 0.00x | $-3.54 Million |
| 2001 | 0.00% | -5.18% | 1.15x | 0.00x | $-699.94K |
| 2002 | 0.00% | 2.95% | 0.88x | 0.00x | $818.04K |
| 2003 | 0.00% | -3.05% | 0.83x | 0.00x | $-358.44K |
Industry Comparison
This section compares Concorde Gaming Corporation's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $4,288,645,227
- Average return on equity (ROE) among peers: 0.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Concorde Gaming Corporation (CGAM) | $-837.61K | 17.74% | N/A | $0.91 |
| Archon Corporation (ARHN) | $24.65 Million | -30.23% | 8.66x | $132.68K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $133.77 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Boyd Gaming Corporation (BYD) | $1.11 Billion | 10.52% | 2.51x | $4.44 Billion |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Canterbury Park Holding Corporation (CPHC) | $49.42 Million | 5.50% | 0.32x | $39.22 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |