International Entertainment (HKSE:01009) ROCE % : -1.13% (As of Dec. 2023)

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What is International 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. International Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.13%.

International Entertainment ROCE % Historical Data

The historical data trend for International 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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International Entertainment ROCE % Chart

International Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-8.19

-11.28

-14.28

3.36

International Entertainment Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-13.82	-14.72	0.72	6.07	-1.13

International Entertainment ROCE % Calculation

International Entertainment'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 )
	=	47.575	/	( ( (1874.776 - 467.608)	+	(1898.227 - 470.092) )	/ 2 )
	=	47.575	/	( (1407.168	+	1428.135)	/ 2 )
	=	47.575	/	1417.6515
	=	3.36 %

International Entertainment'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 )
	=	-19.106	/	( ( (1898.227 - 470.092)	+	(2486.946 - 547.647) )	/ 2 )
	=	-19.106	/	( ( 1428.135	+	1939.299 )	/ 2 )
	=	-19.106	/	1683.717
	=	-1.13 %

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

International Entertainment (HKSE:01009) 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.

International Entertainment ROCE % Related Terms

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International Entertainment (HKSE:01009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » International Entertainment Corp (HKSE:01009) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 71 Des Voeux Road Central, Units 2109-10, 21st Floor, Wing On House, Hong Kong, HKG

Website

http://www.ientcorp.com

International Entertainment Corp is mainly engaged in the hotel operations and leasing of properties for casino and ancillary leisure and entertainment operations. The operating segments of the group are Hotel, Gaming Operation, and Live Events. It generates maximum revenue from the Gaming Operation segment. The Gaming Operation segment represents the leasing of investment properties equipped with entertainment equipment to PAGCOR. Geographically, it derives a majority of its revenue from the Philippines.

Executives

Eriska Investment Fund Ltd	2101 Beneficial owner
Tang Yuk Fan	2201 Interest of corporation controlled by you
Ag Investment Management Company Limited	2201 Interest of corporation controlled by you
Excite Investments Holdings Limited	2201 Interest of corporation controlled by you
Excite Opportunity Fund L.p.	2101 Beneficial owner
Glorious Future Fund Spc	2201 Interest of corporation controlled by you
Ho Wong Meng	2201 Interest of corporation controlled by you

International Entertainment (HKSE:01009) Headlines

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