NorthStar Gaming Holdings (TSXV:BET) ROCE % : 0.00% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is NorthStar Gaming 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. NorthStar Gaming Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

NorthStar Gaming Holdings ROCE % Historical Data

The historical data trend for NorthStar Gaming 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.

* Premium members only.

NorthStar Gaming Holdings ROCE % Chart

NorthStar Gaming Holdings Annual Data

Trend

Jun22

Dec23

ROCE %

NorthStar Gaming Holdings Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	-	-3,064.59	-1,049.50	-	-

NorthStar Gaming Holdings ROCE % Calculation

NorthStar Gaming Holdings'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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	-24.762	/	( ( (0.299 - 0.036)	+	(13.023 - 17.231) )	/ 2 )
	=	-24.762	/	( (0.263	+	-4.208)	/ 2 )
	=	-24.762	/	-1.9725
	=	1,255.36 %

NorthStar Gaming 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: 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 )
	=	-28.82	/	( ( (7.455 - 14.625)	+	(13.023 - 17.231) )	/ 2 )
	=	-28.82	/	( ( -7.17	+	-4.208 )	/ 2 )
	=	-28.82	/	-5.689
	=	0 %

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

NorthStar Gaming Holdings (TSXV:BET) 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.

NorthStar Gaming Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of NorthStar Gaming Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

NorthStar Gaming Holdings (TSXV:BET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

NSBBF:USA

Address

220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.northstargaming.ca

NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.

Executives

Corey Goodman

Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

No Headlines