Acast AB (HAM:0PN) ROCE % : -11.67% (As of Mar. 2024)

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What is Acast 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. Acast AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -11.67%.

Acast AB ROCE % Historical Data

The historical data trend for Acast 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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Acast AB ROCE % Chart

Acast AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-42.25

-49.03

-29.34

-18.51

-13.03

Acast AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-23.22	-17.86	-13.26	4.78	-11.67

Acast AB ROCE % Calculation

Acast AB'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 )
	=	-14.891	/	( ( (169.437 - 45.852)	+	(154.144 - 49.191) )	/ 2 )
	=	-14.891	/	( (123.585	+	104.953)	/ 2 )
	=	-14.891	/	114.269
	=	-13.03 %

Acast AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-12.296	/	( ( (154.144 - 49.191)	+	(153.537 - 47.72) )	/ 2 )
	=	-12.296	/	( ( 104.953	+	105.817 )	/ 2 )
	=	-12.296	/	105.385
	=	-11.67 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Acast AB (HAM:0PN) 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.

Acast AB ROCE % Related Terms

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Acast AB (HAM:0PN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Acast AB (HAM:0PN) » Definitions » ROCE %

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ACAST:Sweden 0PN:Germany

Address

Kungsgatan 28, Stockholm, SWE, 11135

Website

https://www.acast.com

Acast AB is the curated, fully integrated, fastest growing podcast marketplace in the world. It offers podcast hosting, growth, and then monetization through both a creative and curated advertising marketplace, as well as membership features to connect podcasters with paying fans. The group has three operating segments- Europe, North America and others. Majority of revenue is generated from Europe segment.

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