Concorde Gaming (Concorde Gaming) ROCE % : 0.00% (As of . 20)

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What is Concorde Gaming 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. Concorde Gaming's annualized ROCE % for the quarter that ended in . 20 was 0.00%.

Concorde Gaming ROCE % Historical Data

The historical data trend for Concorde Gaming'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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Concorde Gaming ROCE % Chart

Concorde Gaming Annual Data

Trend

ROCE %

Concorde Gaming Quarterly Data

ROCE %

Concorde Gaming ROCE % Calculation

Concorde Gaming's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Concorde Gaming's ROCE % of for the quarter that ended in . 20 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: . 20 )		(Q: . 20 )		(Q: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

(1) Note: The EBIT data used here is four times the quarterly (. 20) EBIT data.

Concorde Gaming (OTCPK:CGAM) 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.

Concorde Gaming ROCE % Related Terms

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Concorde Gaming (Concorde Gaming) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Concorde Gaming Corp (OTCPK:CGAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3290 Lien Street, Rapid City, SD, USA, 57709-0505

Website

Concorde Gaming Corp operates the Golden Gates Casino and the Golden Gulch Casino, respectively, each a limited stakes casino located in Black Hawk, Colorado.

Concorde Gaming (Concorde Gaming) Headlines

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