eBay (BUE:EBAY) ROCE % : 30.13% (As of Dec. 2023)

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What is eBay 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. eBay's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.13%.

eBay ROCE % Historical Data

The historical data trend for eBay'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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eBay ROCE % Chart

eBay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.28

28.43

3.88

-9.16

32.02

eBay 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															26.22	19.59	8.05	48.23	30.13

eBay ROCE % Calculation

eBay'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 )
	=	1433170.001	/	( ( (3495502.403 - 716033.13)	+	(7804820.007 - 1631720.001) )	/ 2 )
	=	1433170.001	/	( (2779469.273	+	6173100.006)	/ 2 )
	=	1433170.001	/	4476284.6395
	=	32.02 %

eBay'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 )
	=	1794892	/	( ( (7413341.004 - 1673460.946)	+	(7804820.007 - 1631720.001) )	/ 2 )
	=	1794892	/	( ( 5739880.058	+	6173100.006 )	/ 2 )
	=	1794892	/	5956490.032
	=	30.13 %

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

eBay (BUE:EBAY) 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.

eBay ROCE % Related Terms

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eBay (BUE:EBAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » eBay Inc (BUE:EBAY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EBAY:USA EBAY:Mexico 1EBAY:Italy EBAd:UK 0R3D:UK EBA:Germany EBAY34:Brazil EBAY:Austria

Address

2025 Hamilton Avenue, San Jose, CA, USA, 95125

Website

https://www.ebay.com

EBay operates one of the largest e-commerce marketplaces in the world, with $74 billion in 2022 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. eBay generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 132 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2022. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.