Real Luck Group (TSXV:LUCK) ROCE % : 0.00% (As of Sep. 2023)

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What is Real Luck 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. Real Luck Group's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Real Luck Group ROCE % Historical Data

The historical data trend for Real Luck 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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Real Luck Group ROCE % Chart

Real Luck Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-362.13

-98.59

-90.85

Real Luck Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										-64.92	-61.04	-228.69	-446.71	-

Real Luck Group ROCE % Calculation

Real Luck Group's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-9.045	/	( ( (15.124 - 1.04)	+	(6.912 - 1.085) )	/ 2 )
	=	-9.045	/	( (14.084	+	5.827)	/ 2 )
	=	-9.045	/	9.9555
	=	-90.85 %

Real Luck Group'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 )
	=	-5.548	/	( ( (3.887 - 2.298)	+	(0.727 - 3.269) )	/ 2 )
	=	-5.548	/	( ( 1.589	+	-2.542 )	/ 2 )
	=	-5.548	/	-0.4765
	=	0 %

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

Real Luck Group (TSXV:LUCK) 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.

Real Luck Group ROCE % Related Terms

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Real Luck Group (TSXV:LUCK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Real Luck Group Ltd (TSXV:LUCK) » Definitions » ROCE %

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LUKEF:USA

Address

350 7th Avenue SW, Suite 3400, Calgary, AB, CAN, T2P 3N9

Website

https://www.realluckgroup.com

Real Luck Group Ltd is a betting company that offers legal, real-money betting, live streams, and statistics on all esports and sports on desktop and mobile devices. The company has a Business-to-Consumer (B2C) platform, and by leveraging shared technology, data, and resources, the company offers an extensive range of betting options for esports tournaments and an in-house customized user interface and user experience, built on a technology stack that supports multiple odds and streaming sources, allows the company to deliver deep esports betting coverage.

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