Genting Singapore (Genting Singapore) ROCE % : 10.29% (As of Dec. 2023)

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What is Genting Singapore ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Genting Singapore's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.29%.

Genting Singapore ROCE % Historical Data

The historical data trend for Genting Singapore's ROCE % 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.

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Genting Singapore ROCE % Chart

Genting Singapore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.88

1.39

2.75

5.63

9.43

Genting Singapore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															2.57	2.74	8.61	8.58	10.29

Genting Singapore ROCE % Calculation

Genting Singapore's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	583.256	/	( ( (6510.035 - 437.003)	+	(6866.425 - 569.873) )	/ 2 )
	=	583.256	/	( (6073.032	+	6296.552)	/ 2 )
	=	583.256	/	6184.792
	=	9.43 %

Genting Singapore's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	638.318	/	( ( (6580.787 - 464.978)	+	(6866.425 - 569.873) )	/ 2 )
	=	638.318	/	( ( 6115.809	+	6296.552 )	/ 2 )
	=	638.318	/	6206.1805
	=	10.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Genting Singapore (OTCPK:GIGNY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Genting Singapore ROCE % Related Terms

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Genting Singapore (Genting Singapore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Singapore Ltd (OTCPK:GIGNY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GIGNF:USA G13:Singapore 36T:Germany

Address

10 Sentosa Gateway, Resorts World Sentosa, Singapore, SGP, 098270

Website

https://www.gentingsingapore.com

Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.