Hollywood Bowl Group (LSE:BOWL) ROCE % : 14.18% (As of Sep. 2023)

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What is Hollywood Bowl Group 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. Hollywood Bowl Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.18%.

Hollywood Bowl Group ROCE % Historical Data

The historical data trend for Hollywood Bowl Group'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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Hollywood Bowl Group ROCE % Chart

Hollywood Bowl Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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21.17

4.98

3.61

18.74

16.71

Hollywood Bowl Group Semi-Annual Data
	Sep13	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial														14.37	26.57	11.51	19.48	14.18

Hollywood Bowl Group ROCE % Calculation

Hollywood Bowl Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	55.525	/	( ( (363.152 - 40.238)	+	(383.506 - 41.662) )	/ 2 )
	=	55.525	/	( (322.914	+	341.844)	/ 2 )
	=	55.525	/	332.379
	=	16.71 %

Hollywood Bowl Group's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	47.562	/	( ( (366.909 - 37.99)	+	(383.506 - 41.662) )	/ 2 )
	=	47.562	/	( ( 328.919	+	341.844 )	/ 2 )
	=	47.562	/	335.3815
	=	14.18 %

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

Hollywood Bowl Group (LSE:BOWL) 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.

Hollywood Bowl Group ROCE % Related Terms

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Hollywood Bowl Group (LSE:BOWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hollywood Bowl Group PLC (LSE:BOWL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BOWLl:UK 2H4:Germany

Address

Cleveland Road, Focus 31, West Wing, Hemel Hempstead Industrial Estate, Hemel Hempstead, Hertfordshire, GBR, HP2 7BW

Website

https://www.hollywoodbowlgroup.com

Hollywood Bowl Group PLC is a ten-pin bowling operator across the United Kingdom under the Hollywood Bowl, Splitsville and Puttstars brands. The company specializes in operating bowling centres, located on out of town multi-use leisure parks and large retail parks with all of the centres occupied by the company on a leasehold basis. The centres are designed to offer a complete family entertainment experience with each centre offering bowling lanes, on-site dining, licensed bars, and family games arcades. The company has two reporting segments, being the provision of ten-pin bowling and mini-golf centres in the United Kingdom which generates the majority of the revenue, and the provision of ten-pin bowling and mini-golf centres and the installation of bowling equipment in Canada.