Rivalry (Rivalry) ROCE %

: -241.44% (As of Sep. 2023)

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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. Rivalry's annualized ROCE % for the quarter that ended in Sep. 2023 was -241.44%.

Rivalry ROCE % Historical Data

The historical data trend for Rivalry'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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Rivalry Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

-97.87

-105.56

-110.32

Rivalry Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %									-93.97	-261.70	-97.70	-216.56	-241.44

Rivalry ROCE % Calculation

Rivalry's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-22.908	/	( ( (31.605 - 1.136)	+	(13.291 - 2.23) )	/ 2 )
	=	-22.908	/	( (30.469	+	11.061)	/ 2 )
	=	-22.908	/	20.765
	=	-110.32 %

Rivalry's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-16.664	/	( ( (11.935 - 2.831)	+	(6.712 - 2.012) )	/ 2 )
	=	-16.664	/	( ( 9.104	+	4.7 )	/ 2 )
	=	-16.664	/	6.902
	=	-241.44 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Rivalry (OTCPK:RVLCF) 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.

Rivalry ROCE % Related Terms

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Rivalry (Rivalry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Rivalry Corp (OTCPK:RVLCF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RVLY:Canada

Address

116 Spadina Avenue, Suite 701, Toronto, ON, CAN, M5V 2K6

Website

https://www.rivalry.com

Rivalry Corp is a Canada based company. The company operates in the Sportsbook segment and Gaming segment. Sportsbook generates revenues from esports and traditional sports betting. Gaming segment revenues are earned from originally developed and third-party casino products such as Rushlane and Aviator.