Century Casinos (WBO:CNTY) ROCE % : 4.40% (As of Dec. 2023)

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What is Century Casinos 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. Century Casinos's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.40%.

Century Casinos ROCE % Historical Data

The historical data trend for Century Casinos'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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Century Casinos ROCE % Chart

Century Casinos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.83

-0.03

11.64

10.10

6.64

Century Casinos Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.89	10.81	8.57	5.48	4.40

Century Casinos ROCE % Calculation

Century Casinos'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 )
	=	64.275	/	( ( (835.409 - 61.75)	+	(1246.81 - 85.849) )	/ 2 )
	=	64.275	/	( (773.659	+	1160.961)	/ 2 )
	=	64.275	/	967.31
	=	6.64 %

Century Casinos'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	51.628	/	( ( (1273.253 - 87.451)	+	(1246.81 - 85.849) )	/ 2 )
	=	51.628	/	( ( 1185.802	+	1160.961 )	/ 2 )
	=	51.628	/	1173.3815
	=	4.40 %

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

Century Casinos (WBO:CNTY) 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.

Century Casinos ROCE % Related Terms

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Century Casinos (WBO:CNTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Century Casinos Inc (WBO:CNTY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CNTY:USA CNT:Germany

Address

455 East Pikes Peak Avenue, Suite 210, Colorado Springs, CO, USA, 80903

Website

https://www.cnty.com

Century Casinos Inc is a casino entertainment company that develops and operates gaming establishments as well as related lodging, restaurant, horse racing (including off-track betting), and entertainment facilities in North America. The company has three reportable segments based on the geographical locations in which its casinos operate; United States; Century Casino & Hotel-Central City, and Century Casino & Hotel-Cripple Creek in Colorado, Mountaineer Casino, Racetrack & Resort in West Virginia, and Century Casino Caruthersville, and Century Casino Cape Girardeau in Missouri, Canada; Century Casino & Hotel, Century Casino St. Albert, Century Mile Racetrack in Edmonton and Casino Century Downs Racetrack and Casino in Calgary, and Poland; Casinos Poland.