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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. PENN Entertainment's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.85%.
The historical data trend for PENN 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.
PENN 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 ) | |||||
= | -34.9 | / | ( ( (17502.1 - 1158.7) | + | (16064.2 - 1490) ) | / 2 ) | |
= | -34.9 | / | ( (16343.4 | + | 14574.2) | / 2 ) | |
= | -34.9 | / | 15458.8 | ||||
= | -0.23 % |
PENN 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 ) | |||||
= | -1157.2 | / | ( ( (16168.6 - 1252.8) | + | (16064.2 - 1490) ) | / 2 ) | |
= | -1157.2 | / | ( ( 14915.8 | + | 14574.2 ) | / 2 ) | |
= | -1157.2 | / | 14745 | ||||
= | -7.85 % |
(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.
PENN Entertainment (NAS:PENN) 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 PENN Entertainment's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher Byron Rogers | officer: EVP and Chief Strategy Officer | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Jay A Snowden | officer: EVP-Chief Operating Officer | 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
Jane Scaccetti | director | 3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132 |
Felicia Hendrix | officer: EVP and CFO | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
David A Handler | director | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
Kohn Barbara Shattuck | director | PENN NATIONAL GAMING, INC, 825 BERKSHIRE BLVE, SUITE 200, WYOMISSING PA 19610 |
Christine Labombard | officer: SVP and CAO | 825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610 |
Saul Reibstein | officer: EVP-Finance, CFO & Treasurer | C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355 |
Gupta Vimla Black | director | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Todd George | officer: EVP, Operations | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Marla Kaplowitz | director | 825 BERKSHIRE BLVD., WYOMISSING PA 19610 |
Ronald J Naples | director | 96 S. GEORGE STREET, SUITE 500, YORK PA 17401 |
Peter M Carlino | director, 10 percent owner, officer: Chairman | 845 BERKSHIRE BLVD, SUITE 200, WYOMISSING PA 19610 |
Harper H. Ko | officer: EVP, CLO and Sec. | 7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113 |
Carl Sottosanti | officer: SVP,Gen Counsel & Secretary | 825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610 |
From GuruFocus
By sperokesalga 05-18-2023
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