Trainline (LSE:TRN) ROCE % : 9.83% (As of Aug. 2023)

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What is Trainline 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. Trainline's annualized ROCE % for the quarter that ended in Aug. 2023 was 9.83%.

Trainline ROCE % Historical Data

The historical data trend for Trainline'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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Trainline ROCE % Chart

Trainline Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

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1.74

-12.78

-18.31

-1.52

7.61

Trainline Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
ROCE %	Get a 7-Day Free Trial								-2.39	-0.47	9.95	5.66	9.83

Trainline ROCE % Calculation

Trainline's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	32.36	/	( ( (643.005 - 232.643)	+	(653.171 - 212.735) )	/ 2 )
	=	32.36	/	( (410.362	+	440.436)	/ 2 )
	=	32.36	/	425.399
	=	7.61 %

Trainline's ROCE % of for the quarter that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Aug. 2023 )		(Q: Feb. 2023 )		(Q: Aug. 2023 )
	=	44.35	/	( ( (653.171 - 212.735)	+	(705.676 - 243.41) )	/ 2 )
	=	44.35	/	( ( 440.436	+	462.266 )	/ 2 )
	=	44.35	/	451.351
	=	9.83 %

(1) Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

Trainline (LSE:TRN) 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.

Trainline ROCE % Related Terms

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Trainline (LSE:TRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trainline PLC (LSE:TRN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TNLIF:USA TRNl:UK 2T9A:Germany

Address

120 Holborn, 3rd Floor, London, GBR, EC1N 2TD

Website

https://www.thetrainline.com

Trainline PLC is an independent rail and coach travel platform selling rail and coach tickets to millions of travellers worldwide, enabling them to seamlessly search, book and manage their journeys all in one place via its website and mobile app. The company's segment includes UK Consumer; International Consumer and Trainline Solutions. It generates maximum revenue from the UK Consumer segment.