Schibsted ASA (LTS:0R9I) ROCE % : 18.54% (As of Dec. 2023)

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What is Schibsted ASA 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. Schibsted ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.54%.

Schibsted ASA ROCE % Historical Data

The historical data trend for Schibsted ASA'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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Schibsted ASA ROCE % Chart

Schibsted ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.21

4.60

-46.25

-46.38

38.94

Schibsted ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.88	23.55	-17.82	130.84	18.54

Schibsted ASA ROCE % Calculation

Schibsted ASA'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 )
	=	17625	/	( ( (43708 - 6423)	+	(58414 - 5175) )	/ 2 )
	=	17625	/	( (37285	+	53239)	/ 2 )
	=	17625	/	45262
	=	38.94 %

Schibsted ASA'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 )
	=	9684	/	( ( (56661 - 5408)	+	(58414 - 5175) )	/ 2 )
	=	9684	/	( ( 51253	+	53239 )	/ 2 )
	=	9684	/	52246
	=	18.54 %

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

Schibsted ASA (LTS:0R9I) 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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Schibsted ASA (LTS:0R9I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Schibsted ASA (LTS:0R9I) » Definitions » ROCE %

Traded in Other Exchanges

SBSNY:USA SCHBo:Sweden SCHB:Norway SCHA:Norway SCHBo:UK SCHAo:UK 0MHM:UK XPGB:Germany

Address

Akersgata 55, PO Box 490 Sentrum, Oslo, NOR, 0180

Website

https://www.schibsted.com

Schibsted ASA is a Norway-based multimedia group that owns and operates newspapers, online classified advertisement websites, publishing houses, and other multimedia services. The company's largest sources of revenue are its Norwegian and Swedish newspapers and tabloid magazines such as Verdens Gang, Aftenposten, and Aftonbladet. It also operates other regional magazines, classified websites, and local newspapers in over 25 different countries around Europe, Asia, Latin America, and Africa. Schibsted's largest newspaper operations outside of Scandinavia are based in Spain and France.

Schibsted ASA (LTS:0R9I) Headlines

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