Booking Holdings (FRA:PCE1) ROCE % : 20.55% (As of Dec. 2023)

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What is Booking Holdings 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. Booking Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.55%.

Booking Holdings ROCE % Historical Data

The historical data trend for Booking Holdings'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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Booking Holdings ROCE % Chart

Booking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.85

5.13

10.42

25.99

44.92

Booking Holdings 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															40.75	12.74	52.40	102.08	20.55

Booking Holdings ROCE % Calculation

Booking Holdings'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 )
	=	5848.626	/	( ( (23940.784 - 7999.456)	+	(22321.614 - 12223.61) )	/ 2 )
	=	5848.626	/	( (15941.328	+	10098.004)	/ 2 )
	=	5848.626	/	13019.666
	=	44.92 %

Booking Holdings'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 )
	=	2270.492	/	( ( (24019.995 - 12023.584)	+	(22321.614 - 12223.61) )	/ 2 )
	=	2270.492	/	( ( 11996.411	+	10098.004 )	/ 2 )
	=	2270.492	/	11047.2075
	=	20.55 %

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

Booking Holdings (FRA:PCE1) 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.

Booking Holdings ROCE % Related Terms

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Booking Holdings (FRA:PCE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Booking Holdings Inc (FRA:PCE1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BKNG:USA BKNG:Mexico 1BKNG:Italy 0W2Y:UK PCE1:Germany BKNG34:Brazil

Address

800 Connecticut Avenue, Norwalk, CT, USA, 06854

Website

https://www.bookingholdings.com

Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates a number of branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.

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