Accor (ACCYY) ROCE %

: 8.93% (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. Accor's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.93%.

Accor ROCE % Historical Data

The historical data trend for Accor'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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Accor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.42

-25.29

0.45

6.48

8.88

Accor Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %																-2.21	2.70	10.43	8.36	8.93

Accor ROCE % Calculation

Accor'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 )
	=	822.246	/	( ( (12407.839 - 3094.28)	+	(12286.805 - 3087.241) )	/ 2 )
	=	822.246	/	( (9313.559	+	9199.564)	/ 2 )
	=	822.246	/	9256.5615
	=	8.88 %

Accor'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	844.056	/	( ( (12426.869 - 2716.143)	+	(12286.805 - 3087.241) )	/ 2 )
	=	844.056	/	( ( 9710.726	+	9199.564 )	/ 2 )
	=	844.056	/	9455.145
	=	8.93 %

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

Accor (OTCPK:ACCYY) 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.

Accor ROCE % Related Terms

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Accor (ACCYY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accor SA (OTCPK:ACCYY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ACRFF:USA ACC:Mexico ACp:UK 0H59:UK AC:France ACR:Germany

Address

82, Rue Henri Farman, Tour Sequana, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://group.accor.com

Accor operates 812,425 rooms across 46 brands addressing the economy through luxury segments, as of Sept. 30, 2023. Ibis (economy scale) is the largest brand (37% of total rooms at the end of 2022), followed by mid scale brands Mercure (16%) and Novotel (14%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Northern Europe represents 21% of rooms, Southern Europe 23%, Asia-Pacific region 32%, Americas 12%, and India, Middle East, and Africa 12%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.