Fermiere du Casino Municipal de Cannes (XPAR:FCMC) ROCE % : 19.17% (As of Oct. 2023)

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What is Fermiere du Casino Municipal de Cannes 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. Fermiere du Casino Municipal de Cannes's annualized ROCE % for the quarter that ended in Oct. 2023 was 19.17%.

Fermiere du Casino Municipal de Cannes ROCE % Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes ROCE % Chart

Fermiere du Casino Municipal de Cannes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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6.71

-4.62

2.62

10.10

5.57

Fermiere du Casino Municipal de Cannes Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial															11.23	-0.99	21.24	-7.18	19.17

Fermiere du Casino Municipal de Cannes ROCE % Calculation

Fermiere du Casino Municipal de Cannes's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	23.414	/	( ( (501.314 - 61.543)	+	(460.875 - 60.08) )	/ 2 )
	=	23.414	/	( (439.771	+	400.795)	/ 2 )
	=	23.414	/	420.283
	=	5.57 %

Fermiere du Casino Municipal de Cannes's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	77.132	/	( ( (483.956 - 80.165)	+	(460.875 - 60.08) )	/ 2 )
	=	77.132	/	( ( 403.791	+	400.795 )	/ 2 )
	=	77.132	/	402.293
	=	19.17 %

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

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes ROCE % Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400

Website

http://www.lucienbarriere.com

Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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