Aquis Entertainment (ASX:AQS) ROCE % : -5.14% (As of Jun. 2023)

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What is Aquis Entertainment 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. Aquis Entertainment's annualized ROCE % for the quarter that ended in Jun. 2023 was -5.14%.

Aquis Entertainment ROCE % Historical Data

The historical data trend for Aquis Entertainment'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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Aquis Entertainment ROCE % Chart

Aquis Entertainment Annual Data

Trend

Jun13

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-7.02

-11.96

21.75

10.72

-254.16

Aquis Entertainment Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															17.78	4.50	49.18	-	-5.14

Aquis Entertainment ROCE % Calculation

Aquis Entertainment's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-1.835	/	( ( (20.062 - 5.777)	+	(26.123 - 38.964) )	/ 2 )
	=	-1.835	/	( (14.285	+	-12.841)	/ 2 )
	=	-1.835	/	0.722
	=	-254.16 %

Aquis Entertainment's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.542	/	( ( (26.123 - 38.964)	+	(35.432 - 1.489) )	/ 2 )
	=	-0.542	/	( ( -12.841	+	33.943 )	/ 2 )
	=	-0.542	/	10.551
	=	-5.14 %

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

Aquis Entertainment (ASX:AQS) 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.

Aquis Entertainment ROCE % Related Terms

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Aquis Entertainment (ASX:AQS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aquis Entertainment Ltd (ASX:AQS) » Definitions » ROCE %

Comparable Companies

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N/A

Address

21 Binara Street, Canberra, ACT, AUS, 2601

Website

https://www.aquisentertainment.com

Aquis Entertainment Ltd specializes in the development and operation of integrated resort projects that concentrate a wide range of tourism-oriented attractions into single, large-scale facilities. The company's only segment includes the gaming and entertainment industry in Australia. It owns Casino Canberra.

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