Sonder Holdings (MEX:SOND) ROCE % : -17.18% (As of Sep. 2023)

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What is Sonder Holdings 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. Sonder Holdings's annualized ROCE % for the quarter that ended in Sep. 2023 was -17.18%.

Sonder Holdings ROCE % Historical Data

The historical data trend for Sonder Holdings'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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Sonder Holdings ROCE % Chart

Sonder Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-121.51

-186.28

-11,284.45

-23.91

Sonder Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									-21.20	-15.82	-24.14	-11.92	-17.18

Sonder Holdings ROCE % Calculation

Sonder Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-2801.653	/	( ( (3045.898 - 5408.065)	+	(30679.14 - 4886.497) )	/ 2 )
	=	-2801.653	/	( (-2362.167	+	25792.643)	/ 2 )
	=	-2801.653	/	11715.238
	=	-23.91 %

Sonder Holdings's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-4004.744	/	( ( (27564.974 - 5096.093)	+	(29896.697 - 5735.451) )	/ 2 )
	=	-4004.744	/	( ( 22468.881	+	24161.246 )	/ 2 )
	=	-4004.744	/	23315.0635
	=	-17.18 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Sonder Holdings (MEX:SOND) 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.

Sonder Holdings ROCE % Related Terms

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Sonder Holdings (MEX:SOND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sonder Holdings Inc (MEX:SOND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SOND:USA

Address

101 15th Street, San Francisco, CA, USA, 94103

Website

https://www.sonder.com

Sonder Holdings Inc is engaged in providing short and long-term accommodations to travelers in various cities across North America, Europe, and the Middle East. The Sonder units in each apartment-style building and each hotel property are selected, designed, and managed directly by the Company. The Company generates revenues by providing short-term or month-to-month accommodations to its guests.