SES (LTS:0M6P) ROCE %

: -100.18% (As of Dec. 2023)

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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. SES's annualized ROCE % for the quarter that ended in Dec. 2023 was -100.18%.

SES ROCE % Historical Data

The historical data trend for SES'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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SES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.01

0.19

4.58

1.43

-6.71

SES Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																-4.67	3.17	2.84	49.11	-100.18

SES ROCE % Calculation

SES'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 )
	=	-642	/	( ( (12607 - 1643)	+	(10184 - 2019) )	/ 2 )
	=	-642	/	( (10964	+	8165)	/ 2 )
	=	-642	/	9564.5
	=	-6.71 %

SES'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 )
	=	-8180	/	( ( (0 - 0)	+	(10184 - 2019) )	/ 1 )
	=	-8180	/	( ( 0	+	8165 )	/ 1 )
	=	-8180	/	8165
	=	-100.18 %

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

SES (LTS:0M6P) 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.

SES ROCE % Related Terms

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SES (LTS:0M6P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » SES SA (LTS:0M6P) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SGBAF:USA SESGL:Luxembourg SESGp:UK SESG:France SES:Germany

Address

Chateau de Betzdorf, Betzdorf, Luxembourg, LUX, L-6815

Website

https://www.ses.com

SES SA is a communications satellite owner and operator and functions in the television broadcasting space. It operates in one operating segment, namely the provision of satellite-based data transmission capacity, and ancillary services, to customers around the world. The largest video division delivers television and radio satellite signals to homes through various media providers such as Comcast, Viacom, M7, and QVC. The mobility revenue is derived by offering high-bandwidth Internet connections to maritime users, and SES SA's government division offers secure communication links to international institutions and governments. Fixed Data works to bring satellite networks and connectivity to remote areas.

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