Betsson AB (Betsson AB) ROCE % : 23.10% (As of Dec. 2023)

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What is Betsson 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. Betsson AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.10%.

Betsson AB ROCE % Historical Data

The historical data trend for Betsson 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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Betsson AB ROCE % Chart

Betsson AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.62

19.48

18.67

19.06

24.66

Betsson AB 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															22.14	20.98	27.15	25.19	23.10

Betsson AB ROCE % Calculation

Betsson 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 )
	=	226.409	/	( ( (1079.131 - 274.153)	+	(1308.724 - 277.208) )	/ 2 )
	=	226.409	/	( (804.978	+	1031.516)	/ 2 )
	=	226.409	/	918.247
	=	24.66 %

Betsson AB'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 )
	=	235.188	/	( ( (1308.111 - 303.629)	+	(1308.724 - 277.208) )	/ 2 )
	=	235.188	/	( ( 1004.482	+	1031.516 )	/ 2 )
	=	235.188	/	1017.999
	=	23.10 %

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

Betsson AB (GREY:BTSBF) 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.

Betsson AB ROCE % Related Terms

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Betsson AB (Betsson AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betsson AB (GREY:BTSBF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BETS B:Sweden V72:Germany

Address

Regeringsgatan 28, Stockholm, SWE, 111 53

Website

https://www.betssonab.com

Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The largest category of the casino is slots, i.e. virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's approximately 20 brands include either the entire product portfolio, such as Betsson, Betsafe and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.

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