Capital Allocation Trends At Studio City International Holdings (NYSE:MSC) Aren't Ideal [Yahoo! Finance]
Studio City International Holdings Limited American depositary shares, each representing four Class A ordinary shares (MSC)
Last studio city international holdings limited american depositary shares, each representing four class a ordinary shares earnings: 2/20 07:58 am
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Source: Yahoo! Finance
Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Studio City International Holdings NYSE:MSC ) and its ROCE trend, we weren't exactly thrilled. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Studio City International Holdings, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.005 = US$15m ÷ (US$3.2b - US$116m) (Based on the trailing twelve months to March 2024) Therefore, Studio City International Holdings has an ROCE of
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High impacting Studio City International Holdings Limited American depositary shares, each representing four Class A ordinary shares news events
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News
- Studio City International Holdings Limited Announces Unaudited First Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Studio City International Holdings Limited Announces Unaudited First Quarter 2024 EarningsGlobeNewswire
- Studio City Announces Earnings Release DateGlobeNewswire
- Studio City Finance Limited Announces Tender Offer for Up to US$100 Million of Its 6.000% Senior Notes due 2025 [Yahoo! Finance]Yahoo! Finance
- Studio City Finance Limited Announces Tender Offer for Up to US$100 Million of Its 6.000% Senior Notes due 2025GlobeNewswire
MSC
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- MSC's page on the SEC website