Entain (LSE:ENT) ROCE % : -6.03% (As of Dec. 2023)

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What is Entain 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. Entain's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.03%.

Entain ROCE % Historical Data

The historical data trend for Entain'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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Entain ROCE % Chart

Entain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.26

4.37

7.98

2.96

-7.50

Entain Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.36	2.61	3.40	-8.52	-6.03

Entain ROCE % Calculation

Entain'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: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-600.8	/	( ( (8740.1 - 1764.4)	+	(10850.6 - 1804.3) )	/ 2 )
	=	-600.8	/	( (6975.7	+	9046.3)	/ 2 )
	=	-600.8	/	8011
	=	-7.50 %

Entain'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-534.4	/	( ( (10811.2 - 2131.2)	+	(10850.6 - 1804.3) )	/ 2 )
	=	-534.4	/	( ( 8680	+	9046.3 )	/ 2 )
	=	-534.4	/	8863.15
	=	-6.03 %

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

Entain (LSE:ENT) 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.

Entain ROCE % Related Terms

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Entain (LSE:ENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Entain PLC (LSE:ENT) » Definitions » ROCE %

Comparable Companies

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GMVHY:USA GMVHF:USA ENTl:UK 6GI0:Germany GVC:Austria

Address

One New Change, London, GBR, EC4M 9AF

Website

https://www.entaingroup.com

Entain PLC is an international sports betting and gaming company operating both online and in the retail sector. It has five reportable segments; Online comprises betting and gaming activities from online and mobile operations, Retail comprises betting and retail activities in the shop estates in Great Britain, Northern Ireland, Jersey, Republic of Ireland, Belgium, Italy, and Croatia, New opportunities unikrn and innovation spend, Corporate includes costs associated with Group functions including Group executive, legal, Group finance, United States joint venture, tax and treasury, and Other segments includes activities related to telephone betting, Stadia and on course pitches.

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