Euronext NV (FRA:ENXB) ROCE % : 29.32% (As of Dec. 2023)

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What is Euronext NV 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. Euronext NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.32%.

Euronext NV ROCE % Historical Data

The historical data trend for Euronext NV'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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Euronext NV ROCE % Chart

Euronext NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.99

19.47

12.26

8.52

9.48

Euronext NV 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															28.28	7.20	9.31	-8.02	29.32

Euronext NV ROCE % Calculation

Euronext NV'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 )
	=	734.826	/	( ( (175137.3 - 167405.146)	+	(192237.311 - 184461.126) )	/ 2 )
	=	734.826	/	( (7732.154	+	7776.185)	/ 2 )
	=	734.826	/	7754.1695
	=	9.48 %

Euronext NV'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 )
	=	2280.904	/	( ( (192054.5 - 184272.1)	+	(192237.311 - 184461.126) )	/ 2 )
	=	2280.904	/	( ( 7782.4	+	7776.185 )	/ 2 )
	=	2280.904	/	7779.2925
	=	29.32 %

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

Euronext NV (FRA:ENXB) 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.

Euronext NV ROCE % Related Terms

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Euronext NV (FRA:ENXB) Business Description

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ERNXY:USA EUXTF:USA ENXp:UK 0QVJ:UK ENX:France

Address

Beursplein 5, Amsterdam, NLD, 1012 JW

Website

https://www.euronext.com

Euronext is a financial exchange group with trading venues in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering primarily cash equities, fixed income, and index and single stock derivatives. With the acquisition of Borsa Italiana, Euronext has also taken control of CC&G, the Italian multi-asset clearing house, as well as Monte Titoli, the Italian central securities depository. This complements Euronext's other CSDs in Norway, Denmark and Portugal. Euronext is the owner of the CAC40, AEX, BEL 20, ISEQ 20, OBX, and PSI 20 indexes.

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