Spobag AG (FRA:SBE) ROCE % : -54.05% (As of Jun. 2023)

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What is Spobag AG 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. Spobag AG's annualized ROCE % for the quarter that ended in Jun. 2023 was -54.05%.

Spobag AG ROCE % Historical Data

The historical data trend for Spobag AG'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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Spobag AG ROCE % Chart

Spobag AG Annual Data

Trend

Dec11

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-82.05

-42.79

-42.28

-23.21

-26.52

Spobag AG Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															-25.58	-20.81	-34.01	-62.70	-54.05

Spobag AG ROCE % Calculation

Spobag AG'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 )
	=	-0.07	/	( ( (0.232 - 0.004)	+	(0.303 - 0.003) )	/ 2 )
	=	-0.07	/	( (0.228	+	0.3)	/ 2 )
	=	-0.07	/	0.264
	=	-26.52 %

Spobag AG'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: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.09	/	( ( (0.303 - 0.003)	+	(0.348 - 0.315) )	/ 2 )
	=	-0.09	/	( ( 0.3	+	0.033 )	/ 2 )
	=	-0.09	/	0.1665
	=	-54.05 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Spobag AG (FRA:SBE) 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.

Spobag AG ROCE % Related Terms

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Spobag AG (FRA:SBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spobag AG (FRA:SBE) » Definitions » ROCE %

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Address

Koenigsallee 20, Duesseldorf, DEU, 40212

Website

http://www.spobag-ag.de

Spobag AG is a Germany-based company engaged in the wholesale distribution of sports equipment and accessories. The Company specializes in the supply of equipment for ten-pin bowling.

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