International Speedway (International Speedway) ROCE % : 3.49% (As of Aug. 2019)

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What is International Speedway 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 Speedway's annualized ROCE % for the quarter that ended in Aug. 2019 was 3.49%.

International Speedway ROCE % Historical Data

The historical data trend for International Speedway'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 Speedway ROCE % Chart

International Speedway Annual Data

Trend

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

ROCE %

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5.61

5.05

6.76

5.56

5.52

International Speedway Quarterly Data
	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19
ROCE %	Get a 7-Day Free Trial															3.17	7.29	5.95	4.28	3.49

International Speedway ROCE % Calculation

International Speedway's annualized ROCE % for the fiscal year that ended in Nov. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Nov. 2018 )		(A: Nov. 2017 )		(A: Nov. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Nov. 2018 )		(A: Nov. 2017 )		(A: Nov. 2018 )
	=	118.128	/	( ( (2208.192 - 85.56)	+	(2249.36 - 90.679) )	/ 2 )
	=	118.128	/	( (2122.632	+	2158.681)	/ 2 )
	=	118.128	/	2140.6565
	=	5.52 %

International Speedway's ROCE % of for the quarter that ended in Aug. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2019 )		(Q: May. 2019 )		(Q: Aug. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2019 )		(Q: May. 2019 )		(Q: Aug. 2019 )
	=	76.544	/	( ( (2321.528 - 147.805)	+	(2335.667 - 129.147) )	/ 2 )
	=	76.544	/	( ( 2173.723	+	2206.52 )	/ 2 )
	=	76.544	/	2190.1215
	=	3.49 %

(1) Note: The EBIT data used here is four times the quarterly (Aug. 2019) EBIT data.

International Speedway (NAS:ISCA) 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 Speedway ROCE % Related Terms

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International Speedway (International Speedway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Speedway Corp (NAS:ISCA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Daytona Boulevard, Daytona Beach, FL, USA, 32114

Website

http://www.internationalspeedwaycorporation.com

International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.

Executives

Larree M Renda	director
Hyatt J Brown	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Larry Aiello	director	ONE RIVERFRONT PLZ, CORNING NY 14831
Ford Edsel B Ii	director	C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Edward H Rensi	director	8400 KEARNEY ROAD, DOWNERS GROVE IL 60516
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731