Ten Entertainment Group (LSE:TEG) ROCE %

: 14.98% (As of Jun. 2023)

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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. Ten Entertainment Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 14.98%.

Ten Entertainment Group ROCE % Historical Data

The historical data trend for Ten Entertainment 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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Ten Entertainment Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

18.44

19.29

-11.88

4.78

17.10

Ten Entertainment Group Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %											-8.18	17.41	20.71	13.30	14.98

Ten Entertainment Group ROCE % Calculation

Ten Entertainment Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	41.011	/	( ( (259.34 - 30.174)	+	(275.992 - 25.612) )	/ 2 )
	=	41.011	/	( (229.166	+	250.38)	/ 2 )
	=	41.011	/	239.773
	=	17.10 %

Ten Entertainment Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	38.66	/	( ( (275.992 - 25.612)	+	(285.435 - 19.694) )	/ 2 )
	=	38.66	/	( ( 250.38	+	265.741 )	/ 2 )
	=	38.66	/	258.0605
	=	14.98 %

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

Ten Entertainment Group (LSE:TEG) 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.

Ten Entertainment Group ROCE % Related Terms

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Ten Entertainment Group (LSE:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ten Entertainment Group PLC (LSE:TEG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TEGl:UK 6YA:Germany

Address

Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford, GBR, MK43 0EQ

Website

https://www.tegplc.co.uk

Ten Entertainment Group PLC is a United Kingdom-based operator of family entertainment centers. Its entertainment options include amusement machines, table tennis, pool tables, Houdini's Escape Rooms, soft play, and laser games. These centers are located in retail and leisure parks. The company operates in two segments: Tenpin Limited and Central. All of the company revenue comes from Tenpin Limited, which is a bowling operator in the United Kingdom.

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