The Star Entertainment Group (The Star Entertainment Group) ROCE % : 4.46% (As of Dec. 2023)

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What is The Star Entertainment 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. The Star Entertainment Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.46%.

The Star Entertainment Group ROCE % Historical Data

The historical data trend for The Star Entertainment 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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The Star Entertainment Group ROCE % Chart

The Star Entertainment Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.31

-1.61

2.78

-2.90

-69.10

The Star Entertainment Group 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															-3.00	-2.87	-58.31	-90.92	4.46

The Star Entertainment Group ROCE % Calculation

The Star Entertainment Group's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-1782.617	/	( ( (3704.427 - 250.527)	+	(2188.121 - 482.55) )	/ 2 )
	=	-1782.617	/	( (3453.9	+	1705.571)	/ 2 )
	=	-1782.617	/	2579.7355
	=	-69.10 %

The Star Entertainment Group'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 )
	=	80.456	/	( ( (2188.121 - 482.55)	+	(2373.963 - 473.293) )	/ 2 )
	=	80.456	/	( ( 1705.571	+	1900.67 )	/ 2 )
	=	80.456	/	1803.1205
	=	4.46 %

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

The Star Entertainment Group (OTCPK:EHGRF) 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.

The Star Entertainment Group ROCE % Related Terms

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The Star Entertainment Group (The Star Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Star Entertainment Group Ltd (OTCPK:EHGRF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EE9:Germany SGR:Australia

Address

159 William Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.starentertainmentgroup.com.au

The Star Entertainment Group operates three hotel and casino complexes in Australia: The Star in Sydney (licence expiring in 2093, with electronic gaming machine exclusivity expiring in 2041), The Star Gold Coast (a perpetual licence), and Treasury Casino and Hotel in Brisbane (licence expiring in 2070). The Queen's Wharf development in Brisbane will have a 99-year licence on completion in 2024 (with a 25-year exclusivity period), replacing the Treasury Casino and Hotel, which will be repurposed into a hotel and retail site.

The Star Entertainment Group (The Star Entertainment Group) Headlines

From GuruFocus

The Star Entertainment Group and Konami Gaming Strengthen SYNKROS Casino Systems Partnership for Technological Advancement

By Business Wire • 09-12-2023