Coast Entertainment Holdings (Coast Entertainment Holdings) ROCE % : -4.57% (As of Dec. 2023)

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What is Coast Entertainment 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. Coast Entertainment Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.57%.

Coast Entertainment Holdings ROCE % Historical Data

The historical data trend for Coast Entertainment 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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Coast Entertainment Holdings ROCE % Chart

Coast Entertainment Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-6.89

-13.09

-6.36

-13.40

-4.49

Coast Entertainment Holdings 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															-4.59	-18.48	33.63	-29.75	-4.57

Coast Entertainment Holdings ROCE % Calculation

Coast Entertainment Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-5.395	/	( ( (796.81 - 728.083)	+	(190.161 - 18.486) )	/ 2 )
	=	-5.395	/	( (68.727	+	171.675)	/ 2 )
	=	-5.395	/	120.201
	=	-4.49 %

Coast Entertainment Holdings'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 )
	=	-7.774	/	( ( (190.161 - 18.486)	+	(204.27 - 35.383) )	/ 2 )
	=	-7.774	/	( ( 171.675	+	168.887 )	/ 2 )
	=	-7.774	/	170.281
	=	-4.57 %

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

Coast Entertainment Holdings (OTCPK:ARDLF) 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.

Coast Entertainment Holdings ROCE % Related Terms

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Coast Entertainment Holdings (Coast Entertainment Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Coast Entertainment Holdings Ltd (OTCPK:ARDLF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MD8:Germany CEH:Australia

Address

83 Mount Street, Suite 601, Level 6, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.coastentertainment.com.au

Ardent Leisure is an owner and operator of leisure assets. Its theme park businesses are situated in Australia, including Dreamworld and WhiteWater World on the Gold Coast. The sale of Main Event in the U.S., completed in June 2022, was executed at a good price, and the proceeds led to a healthy distribution to shareholders. It leaves the group with just the theme parks unit.

Coast Entertainment Holdings (Coast Entertainment Holdings) Headlines

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