Palms Sports PJSC (ADX:PALMS) ROCE % : 15.42% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Palms Sports PJSC 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. Palms Sports PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.42%.

Palms Sports PJSC ROCE % Historical Data

The historical data trend for Palms Sports PJSC'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.

* Premium members only.

Palms Sports PJSC ROCE % Chart

Palms Sports PJSC Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

25.90

31.54

16.76

Palms Sports PJSC Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial									44.94	6.91	16.58	30.13	15.42

Palms Sports PJSC ROCE % Calculation

Palms Sports PJSC'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 )
	=	109.803	/	( ( (532.688 - 33.215)	+	(960.871 - 150.029) )	/ 2 )
	=	109.803	/	( (499.473	+	810.842)	/ 2 )
	=	109.803	/	655.1575
	=	16.76 %

Palms Sports PJSC'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 )
	=	121.9	/	( ( (910.432 - 140.561)	+	(960.871 - 150.029) )	/ 2 )
	=	121.9	/	( ( 769.871	+	810.842 )	/ 2 )
	=	121.9	/	790.3565
	=	15.42 %

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

Palms Sports PJSC (ADX:PALMS) 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.

Palms Sports PJSC ROCE % Related Terms

Thank you for viewing the detailed overview of Palms Sports PJSC's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Palms Sports PJSC (ADX:PALMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Palms Sports PJSC (ADX:PALMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, 4th Floor, Royal Group Head Office, P.O. 39877, Ministries Complex, Abu Dhabi, ARE

Website

http://www.palmssports.com

Palms Sports PJSC is a sports management and marketing company. The company is one of the leading providers of sports training programs, with a competitive edge with regard to Jiu-Jitsu, mixed martial arts, and combat sports. Also, the company provides event management services, media management, public relations, and promotion services.

Palms Sports PJSC (ADX:PALMS) Headlines

No Headlines