EuroSports Global (FRA:777) ROCE % : -18.37% (As of Mar. 2024)

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What is EuroSports Global 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. EuroSports Global's annualized ROCE % for the quarter that ended in Mar. 2024 was -18.37%.

EuroSports Global ROCE % Historical Data

The historical data trend for EuroSports Global'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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EuroSports Global ROCE % Chart

EuroSports Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.05

-12.75

-7.02

-17.77

-43.14

EuroSports Global Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.15	-24.47	-14.38	-63.11	-18.37

EuroSports Global ROCE % Calculation

EuroSports Global's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-5.54	/	( ( (28.287 - 11.995)	+	(28.413 - 19.021) )	/ 2 )
	=	-5.54	/	( (16.292	+	9.392)	/ 2 )
	=	-5.54	/	12.842
	=	-43.14 %

EuroSports Global's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-2.01	/	( ( (32.167 - 19.676)	+	(28.413 - 19.021) )	/ 2 )
	=	-2.01	/	( ( 12.491	+	9.392 )	/ 2 )
	=	-2.01	/	10.9415
	=	-18.37 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

EuroSports Global (FRA:777) 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.

EuroSports Global ROCE % Related Terms

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EuroSports Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EuroSports Global Ltd (FRA:777) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

5G1:Singapore

Address

24 Leng Kee Road, Number 01-03, Singapore, SGP, 159096

Website

https://www.eurosportsglobal.com

EuroSports Global Ltd is an investment holding company, which engages in the provision of management services. The segments of the company are Automobiles Distribution, Sustainable Mobility and Others. The Automobiles Distribution segment which derives the majority of revenue retails new luxury automobiles as well as pre-owned automobiles, the Sustainable Mobility segment engages in developing electric motorcycles, and the Other segment includes sales of watches.

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