Ballys (Ballys) ROCE % : -23.40% (As of Dec. 2023)

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What is Ballys 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. Ballys's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.40%.

Ballys ROCE % Historical Data

The historical data trend for Ballys'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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Ballys ROCE % Chart

Ballys Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.04

-0.90

-0.03

-4.27

1.59

Ballys 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															26.06	0.84	3.46	-23.40	-4.64

Ballys ROCE % Calculation

Ballys'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 )
	=	91.823	/	( ( (6300.113 - 755.802)	+	(6861.103 - 874.78) )	/ 2 )
	=	91.823	/	( (5544.311	+	5986.323)	/ 2 )
	=	91.823	/	5765.317
	=	1.59 %

Ballys'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 )
	=	-1412.304	/	( ( (6929.373 - 842.686)	+	(6861.103 - 874.78) )	/ 2 )
	=	-1412.304	/	( ( 6086.687	+	5986.323 )	/ 2 )
	=	-1412.304	/	6036.505
	=	-23.40 %

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

Ballys (NYSE:BALY) 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.

Ballys ROCE % Related Terms

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Ballys (Ballys) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ballys Corp (NYSE:BALY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

358:Germany

Address

100 Westminster Street, Providence, RI, USA, 02903

Website

https://www.ballys.com

Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.

Executives

Jeffrey W Rollins	director
Jaymin B Patel	director	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Terrence Downey	director	100 TWIN RIVER ROAD, LINCOLN RI 02865
Wanda Y. Wilson	director	100 TWIN RIVER ROAD, LINCOLN RI 02865
Lee Kim Barker	officer: EVP, Chief Legal Officer	C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Tracy S. Harris	director	C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022
Robeson Reeves	director, officer: President, Interactive	100 WESTMINSTER STREET, PROVIDENCE RI 02903
Craig L Eaton	officer: EVP, General Counsel, Sec.	100 TWIN RIVER ROAD, LINCOLN RI 02865
George T. Papanier	director, officer: President and CEO	100 TWIN RIVER ROAD, LINCOLN RI 02865
Marcus Glover	officer: EVP, Chief Financial Officer	C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903
Standard General L.p.	director, 10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Noel Hayden	10 percent owner	C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU
Marc A Crisafulli	officer: EVP Government Relations	C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Robert M. Lavan	officer: Executive Vice President, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Stephen H Capp	officer: Executive Vice President, CFO	C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148