TradeDoubler AB (LTS:0GTU) ROCE % : 6.12% (As of Sep. 2023)

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What is TradeDoubler AB 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. TradeDoubler AB's annualized ROCE % for the quarter that ended in Sep. 2023 was 6.12%.

TradeDoubler AB ROCE % Historical Data

The historical data trend for TradeDoubler AB'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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TradeDoubler AB ROCE % Chart

TradeDoubler AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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11.67

1.11

6.44

9.35

10.26

TradeDoubler AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															6.04	13.85	11.53	3.61	6.12

TradeDoubler AB ROCE % Calculation

TradeDoubler AB'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 )
	=	40.419	/	( ( (922.652 - 551.194)	+	(1037.439 - 621.378) )	/ 2 )
	=	40.419	/	( (371.458	+	416.061)	/ 2 )
	=	40.419	/	393.7595
	=	10.26 %

TradeDoubler AB'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 )
	=	29.208	/	( ( (1055.851 - 573.413)	+	(1046.45 - 574.144) )	/ 2 )
	=	29.208	/	( ( 482.438	+	472.306 )	/ 2 )
	=	29.208	/	477.372
	=	6.12 %

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

TradeDoubler AB (LTS:0GTU) 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.

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TradeDoubler AB (LTS:0GTU) Business Description

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TRAD:Sweden

Address

Birger Jarlsgatan 57A, Stockholm, SWE, SE-113 56

Website

https://www.tradedoubler.com

TradeDoubler AB is a Sweden based performance marketing company. It helps clients grow their online sales and find new customers for their businesses and help an expanding network of online publishers monetize their websites. Tradedoubler offers a portfolio of performance marketing solutions that enable advertisers to enhance measure and track the return on their digital marketing investment. Its segment includes DACH, France and Benelux, Nordics, South, and UK and Ireland. The company derives a majority of revenue from Nordics segment.

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