Time Out Group (LSE:TMO) ROCE % : -2.01% (As of Jun. 2024)

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What is Time Out Group 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. Time Out Group's annualized ROCE % for the quarter that ended in Jun. 2024 was -2.01%.

Time Out Group ROCE % Historical Data

The historical data trend for Time Out Group'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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Time Out Group ROCE % Chart

Time Out Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun21

Jun22

Jun23

Jun24

ROCE %

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-9.65

-15.08

-22.20

-1.14

Time Out Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															-15.53	-15.74	-24.85	-0.23	-2.01

Time Out Group ROCE % Calculation

Time Out Group's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-0.891	/	( ( (104.812 - 28.426)	+	(117.618 - 37.036) )	/ 2 )
	=	-0.891	/	( (76.386	+	80.582)	/ 2 )
	=	-0.891	/	78.484
	=	-1.14 %

Time Out Group's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-1.6	/	( ( (107.675 - 28.664)	+	(117.618 - 37.036) )	/ 2 )
	=	-1.6	/	( ( 79.011	+	80.582 )	/ 2 )
	=	-1.6	/	79.7965
	=	-2.01 %

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

Time Out Group (LSE:TMO) 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.

Time Out Group ROCE % Related Terms

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Time Out Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Time Out Group PLC (LSE:TMO) » Definitions » ROCE %

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05T:Germany

Address

172 Drury Lane, First Floor, London, GBR, WC2B 5QR

Website

https://www.timeout.com

Time Out Group PLC is a media and entertainment company. It helps people discover, book, and share what the world's cities have to offer. The company provides content about food, drink, entertainment, film, music, attractions, art, culture, shopping, nightlife, hotels, and travel. It operates in two divisions namely Time Out Media and Time Out Market. Time Out Media includes digital and print advertising, marketing solutions, live events tickets, and sponsorship, commissions generated by e-commerce transactions, and fees from the franchise partners while Time Out Market includes concessionaires' sales, Time Out operated bars, and retail, events, and sponsorship. It Its geographical segments include Europe, North America, and the Rest of the World.