Sportradar Group AG (FRA:1M4) ROCE % : 13.46% (As of Sep. 2024)

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What is Sportradar Group AG 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. Sportradar Group AG's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.46%.

Sportradar Group AG ROCE % Historical Data

The historical data trend for Sportradar Group AG'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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Sportradar Group AG ROCE % Chart

Sportradar Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

0.62

6.08

4.94

4.45

5.29

Sportradar Group AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														5.85	10.14	4.04	4.03	13.46

Sportradar Group AG ROCE % Calculation

Sportradar Group AG'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 )
	=	78.647	/	( ( (1389.061 - 309.488)	+	(2247.35 - 356.114) )	/ 2 )
	=	78.647	/	( (1079.573	+	1891.236)	/ 2 )
	=	78.647	/	1485.4045
	=	5.29 %

Sportradar Group AG's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	255.428	/	( ( (2246.8 - 359.751)	+	(2277.28 - 369.212) )	/ 2 )
	=	255.428	/	( ( 1887.049	+	1908.068 )	/ 2 )
	=	255.428	/	1897.5585
	=	13.46 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Sportradar Group AG (FRA:1M4) 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.

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Sportradar Group AG Business Description

Industry

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Traded in Other Exchanges

SRAD:USA

Address

Feldlistrasse 2, St. Gallen, CHE, CH-9000

Website

https://www.sportradar.com

Sportradar Group AG is a technology platform enabling next-generation engagement in sports, and a provider of B2B solutions to the sports betting industry. It generates revenue through two primary sources: subscription-based revenue and revenue sharing.

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