Eline Entertainment Group (Eline Entertainment Group) ROCE % : 0.00% (As of Jun. 2023)

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What is Eline Entertainment Group 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. Eline Entertainment Group's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Eline Entertainment Group ROCE % Historical Data

The historical data trend for Eline Entertainment Group'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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Eline Entertainment Group ROCE % Chart

Eline Entertainment Group Annual Data

Trend

Oct00

Oct01

Oct02

Oct03

Oct04

Oct05

Dec21

Dec22

ROCE %

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-109.42

-130.55

16.83

Eline Entertainment Group Quarterly Data
	Jul03	Oct03	Jan04	Apr04	Jul04	Oct04	Jan05	Apr05	Jul05	Oct05	Jan06	Apr06	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Eline Entertainment Group ROCE % Calculation

Eline Entertainment Group'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 )
	=	-0.021	/	( ( (0 - 0)	+	(0 - 0.003) )	/ 1 )
	=	-0.021	/	( (0	+	-0.003)	/ 1 )
	=	-0.021	/	-0.003
	=	700.00 %

Eline Entertainment Group's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-0.028	/	( ( (0 - 0.019)	+	(0 - 0.026) )	/ 2 )
	=	-0.028	/	( ( -0.019	+	-0.026 )	/ 2 )
	=	-0.028	/	-0.0225
	=	0 %

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

Eline Entertainment Group (OTCPK:EEGI) 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.

Eline Entertainment Group ROCE % Related Terms

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Eline Entertainment Group (Eline Entertainment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eline Entertainment Group Inc (OTCPK:EEGI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Suite 1113, Tower 2, Lippo Centre, Admiralty, HKG

Website

http://www.elinegrp.com

Eline Entertainment Group Inc is a developmental stage company. Its plan of business has not been implemented but will involve mergers and acquisitions of operating companies .

Executives

Barry A Rothman	officer: President	20118 OCEAN KEY DRIVE, BOCA RATON FL 33498
Jayme Dorrough	director, 10 percent owner

Eline Entertainment Group (Eline Entertainment Group) Headlines

From GuruFocus

Eline Entertainment Group (OTC:EEGI) Submits Updated Filings

By PRNewswire PRNewswire • 07-29-2021