Cineworld Group (LSE:CINE) ROCE % : 0.98% (As of Jun. 2022)

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What is Cineworld 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. Cineworld Group's annualized ROCE % for the quarter that ended in Jun. 2022 was 0.98%.

Cineworld Group ROCE % Historical Data

The historical data trend for Cineworld 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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Cineworld Group ROCE % Chart

Cineworld Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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10.68

11.10

7.44

-24.19

0.68

Cineworld Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
ROCE %	Get a 7-Day Free Trial															-27.11	-21.60	-4.61	6.29	0.98

Cineworld Group ROCE % Calculation

Cineworld Group's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	45.12	/	( ( (7905.149 - 1237.867)	+	(7798.766 - 1174.323) )	/ 2 )
	=	45.12	/	( (6667.282	+	6624.443)	/ 2 )
	=	45.12	/	6645.8625
	=	0.68 %

Cineworld Group's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Dec. 2021 )		(Q: Jun. 2022 )
	=	63.498	/	( ( (7798.766 - 1174.323)	+	(7858.049 - 1514.542) )	/ 2 )
	=	63.498	/	( ( 6624.443	+	6343.507 )	/ 2 )
	=	63.498	/	6483.975
	=	0.98 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

Cineworld Group (LSE:CINE) 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.

Cineworld Group ROCE % Related Terms

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Cineworld Group (LSE:CINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineworld Group PLC (LSE:CINE) » Definitions » ROCE %

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Address

Great West Road, 8th Floor, Vantage London, Brentford, GBR, TW8 9AG

Website

https://www.cineworldplc.com

Cineworld Group PLC is a diversified media company, which operates chains of movie theaters. Its business segments are the U.S., U.K., & Ireland and the rest of the world (ROW). Within each segment, it operates theaters through different brands. In the U.S., Cineworld owns cinema brands Regal, United Artists, and Edwards theaters. They operate out of Cineworld and Picturehouse in the U.K. and Ireland. Cineworld also owns Cinema City in Central and Eastern Europe and Yes Planet and Rav-Chen in Israel for its ROW segment. The company generates revenue through ticket sales and food, beverage, and merchandise sales. It also earns additional revenue through retail and screen advertising and property market and development. The company generates most of its revenue in the U.S.

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