GL Events (LTS:0IX0) ROCE % : 9.52% (As of Jun. 2024)

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What is GL Events 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. GL Events's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.52%.

GL Events ROCE % Historical Data

The historical data trend for GL Events'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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GL Events ROCE % Chart

GL Events Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.99

-3.99

3.79

5.71

7.92

GL Events 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															3.83	7.52	7.72	7.86	9.52

GL Events ROCE % Calculation

GL Events'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 )
	=	153.745	/	( ( (3002.388 - 1035.658)	+	(3044.057 - 1128.788) )	/ 2 )
	=	153.745	/	( (1966.73	+	1915.269)	/ 2 )
	=	153.745	/	1940.9995
	=	7.92 %

GL Events'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 )
	=	183.544	/	( ( (3044.057 - 1128.788)	+	(3187.629 - 1246.662) )	/ 2 )
	=	183.544	/	( ( 1915.269	+	1940.967 )	/ 2 )
	=	183.544	/	1928.118
	=	9.52 %

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

GL Events (LTS:0IX0) 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.

GL Events ROCE % Related Terms

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GL Events Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GLO:France 0X5:Germany

Address

59 Quai Rambaud, Lyon, FRA, 69002

Website

http://www.gl-events.com

GL Events is a France-based company engaged in providing integrated solutions and services for events operating across various market segments like conventions, conferences, congresses, cultural, sports and political events, trade shows, and consumer fairs. It has three business divisions namely GL events Live's expertise covers the complete range of business specialisations and services for corporate, institutional and sports events from consulting and design to producing the event. GL events Exhibitions manages and coordinates the group's portfolio of more than 300 proprietary trade fairs covering a wide range of sectors like food industry, culture, textiles, manufacturing. GL events Venues manages a network of 40 venues in France and international destinations.

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