Bingo Group Holdings (HKSE:08220) ROCE % : -29.33% (As of Sep. 2023)

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What is Bingo Group Holdings 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. Bingo Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -29.33%.

Bingo Group Holdings ROCE % Historical Data

The historical data trend for Bingo Group Holdings'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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Bingo Group Holdings ROCE % Chart

Bingo Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-19.10

-61.74

-51.28

-48.80

-39.42

Bingo Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-57.09	-73.01	43.61	-116.22	-29.33

Bingo Group Holdings ROCE % Calculation

Bingo Group Holdings's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-6.495	/	( ( (35.407 - 14.744)	+	(24.16 - 11.869) )	/ 2 )
	=	-6.495	/	( (20.663	+	12.291)	/ 2 )
	=	-6.495	/	16.477
	=	-39.42 %

Bingo Group Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-2.524	/	( ( (0 - 0)	+	(22.342 - 13.737) )	/ 1 )
	=	-2.524	/	( ( 0	+	8.605 )	/ 1 )
	=	-2.524	/	8.605
	=	-29.33 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Bingo Group Holdings (HKSE:08220) 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.

Bingo Group Holdings ROCE % Related Terms

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Bingo Group Holdings (HKSE:08220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bingo Group Holdings Ltd (HKSE:08220) » Definitions » ROCE %

Comparable Companies

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N/A

Address

414-424 Jaffe Road, Unit 202, 2th Floor, Chinaweal Centre, Hong Kong, HKG

Website

http://www.bingogroup.com.hk

Bingo Group Holdings Ltd is an investment holding company principally engaged in the investment and management of cinemas. The company operates through two segments. Cinema Investment and Management segment is engaged in the investment in cinemas and the provision of cinema management services. Filmed Entertainment, New Media Exploitations, and Licensing Businesses segment is engaged in movie production, licensing and derivatives, crossover marketing, the provision of interactive content, artists development, and last miles engagement. Its Cinema Investment and Management segment contributes to all of its revenue. Its geographical segments are Hong Kong and China, of which all of its revenues come from China.

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