Kings Entertainment Group (XCNQ:JKPT) ROCE % : -47.41% (As of Sep. 2023)

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What is Kings 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. Kings Entertainment Group's annualized ROCE % for the quarter that ended in Sep. 2023 was -47.41%.

Kings Entertainment Group ROCE % Historical Data

The historical data trend for Kings 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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Kings Entertainment Group ROCE % Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

132.88

-255.59

-168.00

Kings Entertainment Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial							-135.88	-138.67	140.09	-86.39	-47.41

Kings Entertainment Group ROCE % Calculation

Kings 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 )
	=	-8.769	/	( ( (12.015 - 3.729)	+	(5.81 - 3.657) )	/ 2 )
	=	-8.769	/	( (8.286	+	2.153)	/ 2 )
	=	-8.769	/	5.2195
	=	-168.00 %

Kings Entertainment Group'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 )
	=	-2.544	/	( ( (4.985 - 2.64)	+	(13.773 - 5.387) )	/ 2 )
	=	-2.544	/	( ( 2.345	+	8.386 )	/ 2 )
	=	-2.544	/	5.3655
	=	-47.41 %

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

Kings Entertainment Group (XCNQ:JKPT) 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.

Kings Entertainment Group ROCE % Related Terms

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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kings Entertainment Group Inc (XCNQ:JKPT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

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