Wynn Macau (Wynn Macau) ROCE % : 15.26% (As of Dec. 2023)

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What is Wynn Macau 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. Wynn Macau's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.26%.

Wynn Macau ROCE % Historical Data

The historical data trend for Wynn Macau'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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Wynn Macau ROCE % Chart

Wynn Macau Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.29

-13.56

-7.60

-14.33

13.25

Wynn Macau 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															-11.44	-13.89	-15.03	9.35	15.26

Wynn Macau ROCE % Calculation

Wynn Macau'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 )
	=	554.178	/	( ( (4634.179 - 610.663)	+	(5740.103 - 1401.523) )	/ 2 )
	=	554.178	/	( (4023.516	+	4338.58)	/ 2 )
	=	554.178	/	4181.048
	=	13.25 %

Wynn Macau'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 )
	=	695.488	/	( ( (5500.276 - 722.71)	+	(5740.103 - 1401.523) )	/ 2 )
	=	695.488	/	( ( 4777.566	+	4338.58 )	/ 2 )
	=	695.488	/	4558.073
	=	15.26 %

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

Wynn Macau (OTCPK:WYNMF) 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.

Wynn Macau ROCE % Related Terms

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Wynn Macau (Wynn Macau) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Wynn Macau Ltd (OTCPK:WYNMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

WYNMY:USA 01128:Hong Kong 8WY:Germany

Address

Avenida da Nave Desportiva, Wynn Palace, Cotai, MAC

Website

https://www.wynnmacau.com

Wynn Macau operates integrated casino resorts in Macao, including Wynn Macau on the peninsula and Wynn Palace in Cotai. These properties feature with high-end hotels and brand-name stores, making Wynn a high-end iconic brand. Wynn Resorts has a 72% stake in Wynn Macau.

Wynn Macau (Wynn Macau) Headlines

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