CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) ROCE % : 80.13% (As of Dec. 2023)

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What is CTS Eventim AG. KGaA 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. CTS Eventim AG. KGaA's annualized ROCE % for the quarter that ended in Dec. 2023 was 80.13%.

CTS Eventim AG. KGaA ROCE % Historical Data

The historical data trend for CTS Eventim AG. KGaA'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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CTS Eventim AG. KGaA ROCE % Chart

CTS Eventim AG. KGaA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.00

-14.37

18.57

36.82

37.25

CTS Eventim AG. KGaA 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															92.31	24.84	31.93	11.60	80.13

CTS Eventim AG. KGaA ROCE % Calculation

CTS Eventim AG. KGaA'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 )
	=	454.213	/	( ( (2763.958 - 1688.02)	+	(3484.557 - 2121.883) )	/ 2 )
	=	454.213	/	( (1075.938	+	1362.674)	/ 2 )
	=	454.213	/	1219.306
	=	37.25 %

CTS Eventim AG. KGaA'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 )
	=	1033.224	/	( ( (2877.349 - 1661.023)	+	(3484.557 - 2121.883) )	/ 2 )
	=	1033.224	/	( ( 1216.326	+	1362.674 )	/ 2 )
	=	1033.224	/	1289.5
	=	80.13 %

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

CTS Eventim AG. KGaA (OTCPK:CEVMF) 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.

CTS Eventim AG. KGaA ROCE % Related Terms

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CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CTS Eventim AG & Co. KGaA (OTCPK:CEVMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CEVMY:USA EVDd:UK 0EEE:UK EVD:Germany EVD:Austria

Address

Contrescarpe 75 A, Bremen, HB, DEU, 28195

Website

https://www.eventim.de

CTS Eventim AG & Co. KGaA is a diversified media company that focuses on the ticketing market. The business is divided into two segments, ticketing, and live entertainment. The ticketing segment produces, sells, and distributes tickets for a variety of leisure-based events. The company sells tickets for concerts, sports, theater events, and provides travel services as well. The live entertainment business segment plans and organizes tour events, largely for music-based concerts. The company generates the vast majority of its revenue in Germany.

CTS Eventim AG. KGaA (CTS Eventim AG. KGaA) Headlines

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