Ainsworth Game Technology (ASX:AGI) ROCE % : -39.27% (As of Dec. 2023)

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What is Ainsworth Game Technology 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. Ainsworth Game Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -39.27%.

Ainsworth Game Technology ROCE % Historical Data

The historical data trend for Ainsworth Game Technology'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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Ainsworth Game Technology ROCE % Chart

Ainsworth Game Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

ROCE %

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3.79

-11.51

-12.63

5.27

-17.44

Ainsworth Game Technology 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															8.82	1.69	6.02	4.93	-39.27

Ainsworth Game Technology ROCE % Calculation

Ainsworth Game Technology'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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	-56.914	/	( ( (406.535 - 78.471)	+	(418.448 - 93.718) )	/ 2 )
	=	-56.914	/	( (328.064	+	324.73)	/ 2 )
	=	-56.914	/	326.397
	=	-17.44 %

Ainsworth Game Technology'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 )
	=	-130.394	/	( ( (429.552 - 90.181)	+	(418.448 - 93.718) )	/ 2 )
	=	-130.394	/	( ( 339.371	+	324.73 )	/ 2 )
	=	-130.394	/	332.0505
	=	-39.27 %

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

Ainsworth Game Technology (ASX:AGI) 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.

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Ainsworth Game Technology (ASX:AGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ainsworth Game Technology Ltd (ASX:AGI) » Definitions » ROCE %

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AINSF:USA

Address

10 Holker Street, Newington, Sydney, NSW, AUS, 2127

Website

https://www.agtslots.com

Ainsworth Game Technology is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licence in all Australian states and territories, most North American jurisdictions, and several other countries. With the firm's domestic market share and earnings shrinking, the company has shifted focus to international operations, particularly the North American business.