Emperor Entertainment Hotel (HKSE:00296) ROCE % : 0.88% (As of Sep. 2023)

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What is Emperor Entertainment Hotel 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. Emperor Entertainment Hotel's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.88%.

Emperor Entertainment Hotel ROCE % Historical Data

The historical data trend for Emperor Entertainment Hotel'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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Emperor Entertainment Hotel ROCE % Chart

Emperor Entertainment Hotel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.14

3.61

-5.35

-14.14

-3.87

Emperor Entertainment Hotel Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.66	-28.11	-8.49	0.69	0.88

Emperor Entertainment Hotel ROCE % Calculation

Emperor Entertainment Hotel's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-180.259	/	( ( (5030.423 - 309.151)	+	(4837.715 - 253.213) )	/ 2 )
	=	-180.259	/	( (4721.272	+	4584.502)	/ 2 )
	=	-180.259	/	4652.887
	=	-3.87 %

Emperor Entertainment Hotel's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	40.274	/	( ( (4837.715 - 253.213)	+	(4846.845 - 246.074) )	/ 2 )
	=	40.274	/	( ( 4584.502	+	4600.771 )	/ 2 )
	=	40.274	/	4592.6365
	=	0.88 %

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

Emperor Entertainment Hotel (HKSE:00296) 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.

Emperor Entertainment Hotel ROCE % Related Terms

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Emperor Entertainment Hotel (HKSE:00296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Emperor Entertainment Hotel Ltd (HKSE:00296) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EM7A:Germany

Address

288 Hennessy Road, 28th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.emp296.com

Emperor Entertainment Hotel Ltd is a Macao-based company that is active in the hospitality and entertainment industry. The company is engaged provision of gaming-related marketing and public relations services in the casino of the Grand Emperor Hotel, the operation of a mass market hall, VIP room, and slot machine hall operations. The company is also engaged in the hotel operation of the Grand Emperor Hotel and the Inn Hotel Macau. The company manages its business in segments namely gaming operations, Leasing, and hotel operation. It generates the majority of its revenue from hotel operations in Macau.

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