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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. Strong Global Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was 86.17%.
The historical data trend for Strong Global 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.
Strong Global Entertainment Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
ROCE % | - | 12.96 | 9.17 | 28.55 | 30.37 |
Strong Global Entertainment Quarterly Data | ||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 54.58 | 19.17 | -8.64 | 8.64 | 86.17 |
Strong Global 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 ) | |||||
= | 3.683 | / | ( ( (25.538 - 14.937) | + | (26.526 - 12.871) ) | / 2 ) | |
= | 3.683 | / | ( (10.601 | + | 13.655) | / 2 ) | |
= | 3.683 | / | 12.128 | ||||
= | 30.37 % |
Strong Global 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 ) | |||||
= | 12.532 | / | ( ( (32.962 - 17.53) | + | (26.526 - 12.871) ) | / 2 ) | |
= | 12.532 | / | ( ( 15.432 | + | 13.655 ) | / 2 ) | |
= | 12.532 | / | 14.5435 | ||||
= | 86.17 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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.
Strong Global Entertainment (AMEX:SGE) 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.
Thank you for viewing the detailed overview of Strong Global Entertainment's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark D. Roberson | director, officer: CEO and Director | 27271 LAS RAMBLAS, STE. 200, MISSION VIEJO CA 92691 |
Fg Group Holdings Inc. | 10 percent owner | 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209 |
Strong/mdi Screen Systems, Inc. | 10 percent owner | 1440 RAOUL-CHARETTE, JOLIETTE A8 J6E 8S7 |
Kyle Cerminara | director | C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117 |
Ray Boegner | officer: President | 4350 MCKINLEY ST, OMAHA NE 68112 |
Todd Robert Major | officer: CFO, Secretary & Treasury | 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209 |
John W. Struble | director | C/O RELM WIRELESS CORPORATION, 7100 TECHNOLOGY DRIVE, WEST MELBOURNE FL 32904 |
Marsha G King | director | C/O 1347 PROPERTY INSURANCE HOLDINGS, IN, 1511 N. WESTSHORE BLVD., SUITE 870, TAMPA FL 33607 |
Govignon Richard Edward Jr | director | 54 ANNETTE DR, MARLBORO NJ 07746 |
From GuruFocus
By ACCESSWIRE • 10-23-2023
By sperokesalga sperokesalga • 05-16-2023
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