Reef Casino Trust (ASX:RCT) ROCE % : 9.15% (As of Jun. 2024)

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What is Reef Casino Trust 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. Reef Casino Trust's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.15%.

Reef Casino Trust ROCE % Historical Data

The historical data trend for Reef Casino Trust'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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Reef Casino Trust ROCE % Chart

Reef Casino Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.98

4.77

15.41

18.27

11.04

Reef Casino Trust Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															13.51	23.31	9.67	12.65	9.15

Reef Casino Trust ROCE % Calculation

Reef Casino Trust'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 )
	=	10.829	/	( ( (107.355 - 7.759)	+	(102.552 - 5.982) )	/ 2 )
	=	10.829	/	( (99.596	+	96.57)	/ 2 )
	=	10.829	/	98.083
	=	11.04 %

Reef Casino Trust's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	8.792	/	( ( (102.552 - 5.982)	+	(100.859 - 5.196) )	/ 2 )
	=	8.792	/	( ( 96.57	+	95.663 )	/ 2 )
	=	8.792	/	96.1165
	=	9.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Reef Casino Trust (ASX:RCT) 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.

Reef Casino Trust ROCE % Related Terms

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Reef Casino Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Reef Casino Trust (ASX:RCT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

35 - 41 Wharf Street, PO Box 7320, Cairns, QLD, AUS, 4870

Website

https://www.reefcasino.com.au

Reef Casino Trust is engaged in the operation of the reef hotel-casino complex located in Cairns, Queensland, Australia. The company derives revenue from the casino which includes electronic gaming and table games, and the hotel which includes room accommodation and food and beverage. The majority of the revenue is generated from the rental income received from the casino operations.

Reef Casino Trust Headlines

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