Melco Crown Entertainment (HKSE:06883) ROCE % : -4.45% (As of Dec. 2023)

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What is Melco Crown Entertainment 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. Melco Crown Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.45%.

Melco Crown Entertainment ROCE % Historical Data

The historical data trend for Melco Crown Entertainment'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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Melco Crown Entertainment ROCE % Chart

Melco Crown Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.53

-14.03

-7.67

-8.95

1.18

Melco Crown Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.35	0.31	3.66	5.00	-4.45

Melco Crown Entertainment ROCE % Calculation

Melco Crown Entertainment'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 )
	=	706.654	/	( ( (72418.109 - 9331.783)	+	(65095.245 - 8619.051) )	/ 2 )
	=	706.654	/	( (63086.326	+	56476.194)	/ 2 )
	=	706.654	/	59781.26
	=	1.18 %

Melco Crown Entertainment'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-2599.696	/	( ( (68216.375 - 7919.444)	+	(65095.245 - 8619.051) )	/ 2 )
	=	-2599.696	/	( ( 60296.931	+	56476.194 )	/ 2 )
	=	-2599.696	/	58386.5625
	=	-4.45 %

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

Melco Crown Entertainment (HKSE:06883) 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.

Melco Crown Entertainment ROCE % Related Terms

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Melco Crown Entertainment (HKSE:06883) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Melco Crown Entertainment Ltd (HKSE:06883) » Definitions » ROCE %

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Traded in Other Exchanges

MLCO:USA 0A2P:UK MAS:Germany M1LC34:Brazil

Address

60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG

Website

https://www.melco-resorts.com

Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

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