Bahrain Cinema Co BSC (BAH:CINECO) ROCE % : 0.58% (As of Mar. 2024)

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What is Bahrain Cinema Co BSC 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. Bahrain Cinema Co BSC's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.58%.

Bahrain Cinema Co BSC ROCE % Historical Data

The historical data trend for Bahrain Cinema Co BSC'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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Bahrain Cinema Co BSC ROCE % Chart

Bahrain Cinema Co BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.76

-18.98

2.28

2.01

-2.42

Bahrain Cinema Co BSC Quarterly Data
	Jun19	Sep19	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															0.92	4.23	-0.10	-15.02	0.58

Bahrain Cinema Co BSC ROCE % Calculation

Bahrain Cinema Co BSC'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 )
	=	-1.639	/	( ( (79.016 - 8.48)	+	(72.228 - 7.518) )	/ 2 )
	=	-1.639	/	( (70.536	+	64.71)	/ 2 )
	=	-1.639	/	67.623
	=	-2.42 %

Bahrain Cinema Co BSC'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 )
	=	0.368	/	( ( (72.228 - 7.518)	+	(72.004 - 9.004) )	/ 2 )
	=	0.368	/	( ( 64.71	+	63 )	/ 2 )
	=	0.368	/	63.855
	=	0.58 %

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

Bahrain Cinema Co BSC (BAH:CINECO) 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.

Bahrain Cinema Co BSC ROCE % Related Terms

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Bahrain Cinema Co BSC (BAH:CINECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bahrain Cinema Co BSC (BAH:CINECO) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Road 1010, Building 470, P.O. Box 26573, Block 410, Floor 27, Fakhro Tower, Sanabis, Manama, BHR

Website

https://www.bahraincinema.com

Bahrain Cinema Co BSC is engaged in screening films in the Kingdom of Bahrain. Group operates through Theatre Operations, Restaurants and Concession Counters, and Others segments which include corporate office assets and vehicles. It also engaged in the sale of video and music cassettes, compact discs, advertisements and operation of restaurants and providing leisure and amusement related services.

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