Major Cineplex Group (BKK:MAJOR) ROCE % : 4.12% (As of Sep. 2024)

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What is Major Cineplex Group 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. Major Cineplex Group's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.12%.

Major Cineplex Group ROCE % Historical Data

The historical data trend for Major Cineplex 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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Major Cineplex Group ROCE % Chart

Major Cineplex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.86

-3.62

17.84

4.41

11.93

Major Cineplex Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.85	17.93	5.92	8.71	4.12

Major Cineplex Group ROCE % Calculation

Major Cineplex Group'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 )
	=	1342.698	/	( ( (14846.729 - 2805.415)	+	(14425.954 - 3963.982) )	/ 2 )
	=	1342.698	/	( (12041.314	+	10461.972)	/ 2 )
	=	1342.698	/	11251.643
	=	11.93 %

Major Cineplex Group's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	445.56	/	( ( (14404.005 - 3798.72)	+	(14019.148 - 3001.973) )	/ 2 )
	=	445.56	/	( ( 10605.285	+	11017.175 )	/ 2 )
	=	445.56	/	10811.23
	=	4.12 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Major Cineplex Group (BKK:MAJOR) 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.

Major Cineplex Group ROCE % Related Terms

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Major Cineplex Group Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Major Cineplex Group PLC (BKK:MAJOR) » Definitions » ROCE %

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MAJOR-R:Thailand

Address

1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatujak, Bangkok, THA, 10900

Website

https://www.majorcineplex.com

Major Cineplex Group PLC is a diversified media company primarily engaged in the operation of cinemas. The company has five primary business segments which include cinema operations, advertising and media services, bowling and karaoke services, rental, and movie content. The cinema operations segment owns and manages several chains of movie theaters and brands. The advertising and media services segment offers on-screen advertising and media solutions. The bowling and karaoke services offer its namesake services in branded outlets. The rental segment leases real estate space. The company's movie content segment funds, produces, and distributes feature film content, as well as content on the home video market. The group generates the vast majority of its revenue in Thailand.

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