Fansunite Entertainment (TSX:FANS) ROCE % : -57.23% (As of Mar. 2024)

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What is Fansunite 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. Fansunite Entertainment's annualized ROCE % for the quarter that ended in Mar. 2024 was -57.23%.

Fansunite Entertainment ROCE % Historical Data

The historical data trend for Fansunite 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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Fansunite Entertainment ROCE % Chart

Fansunite Entertainment Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-174.47

-116.02

-20.62

-39.56

-51.38

Fansunite Entertainment Quarterly Data
	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-36.42	-35.06	-44.77	-82.59	-57.23

Fansunite Entertainment ROCE % Calculation

Fansunite 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 )
	=	-21.756	/	( ( (77.453 - 25.17)	+	(57.424 - 25.014) )	/ 2 )
	=	-21.756	/	( (52.283	+	32.41)	/ 2 )
	=	-21.756	/	42.3465
	=	-51.38 %

Fansunite Entertainment's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-17.776	/	( ( (57.424 - 25.014)	+	(55.58 - 25.864) )	/ 2 )
	=	-17.776	/	( ( 32.41	+	29.716 )	/ 2 )
	=	-17.776	/	31.063
	=	-57.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Fansunite Entertainment (TSX:FANS) 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.

Fansunite Entertainment ROCE % Related Terms

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Fansunite Entertainment (TSX:FANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fansunite Entertainment Inc (TSX:FANS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FUNFF:USA 4UY:Germany

Address

780 Beatty Street, Suite 303, Vancouver, BC, CAN, V6B 2M1

Website

https://www.fansunite.com

Fansunite Entertainment Inc is a sports and entertainment company that focuses on focusing on technology related to regulated and lawful online gaming in sports, esports and casino. Also, the company provides technology solutions and services in the global gaming and entertainment industries.

Executives

Paul Petrie	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Damian Walker	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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