Cineplex (TSX:CGX) ROCE % : -0.01% (As of Dec. 2023)

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What is Cineplex 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. Cineplex's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.01%.

Cineplex ROCE % Historical Data

The historical data trend for Cineplex'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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Cineplex ROCE % Chart

Cineplex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.76

-26.98

-7.00

7.01

8.49

Cineplex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.00	3.34	12.55	17.59	-0.01

Cineplex ROCE % Calculation

Cineplex'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 )
	=	145.426	/	( ( (2150.454 - 515.652)	+	(2271.492 - 482.255) )	/ 2 )
	=	145.426	/	( (1634.802	+	1789.237)	/ 2 )
	=	145.426	/	1712.0195
	=	8.49 %

Cineplex'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-0.108	/	( ( (2225.558 - 407.028)	+	(2271.492 - 482.255) )	/ 2 )
	=	-0.108	/	( ( 1818.53	+	1789.237 )	/ 2 )
	=	-0.108	/	1803.8835
	=	-0.01 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cineplex (TSX:CGX) 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.

Cineplex ROCE % Related Terms

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Cineplex (TSX:CGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cineplex Inc (TSX:CGX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CPXGF:USA CX0:Germany

Address

1303 Yonge Street, 2nd Floor, Toronto, ON, CAN, M4T 2Y9

Website

https://corp.cineplex.com

Cineplex Inc is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment include revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium. The film entertainment and content segment generates the majority of its revenue from audiences located in Canada.

Executives

Daniel F. Mcgrath	Senior Officer
Gordon Nelson	Senior Officer

Cineplex (TSX:CGX) Headlines

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