FSport AB (OSTO:FSPORT) ROCE % : -29.19% (As of Mar. 2024)

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What is FSport AB 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. FSport AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.19%.

FSport AB ROCE % Historical Data

The historical data trend for FSport AB'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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FSport AB ROCE % Chart

FSport AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-22.22

-53.32

-49.06

-53.22

FSport AB Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											-39.70	-27.74	-22.60	-112.23	-29.19

FSport AB ROCE % Calculation

FSport AB'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 )
	=	-13.717	/	( ( (32.565 - 3.144)	+	(24.014 - 1.885) )	/ 2 )
	=	-13.717	/	( (29.421	+	22.129)	/ 2 )
	=	-13.717	/	25.775
	=	-53.22 %

FSport AB'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-6.232	/	( ( (24.014 - 1.885)	+	(22.691 - 2.121) )	/ 2 )
	=	-6.232	/	( ( 22.129	+	20.57 )	/ 2 )
	=	-6.232	/	21.3495
	=	-29.19 %

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

FSport AB (OSTO:FSPORT) 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.

FSport AB ROCE % Related Terms

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FSport AB (OSTO:FSPORT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » FSport AB (OSTO:FSPORT) » Definitions » ROCE %

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Traded in Other Exchanges

77H:Germany

Address

Jarnvagsgatan 9, Helsingborg, SWE, 252 24

Website

https://www.fsportgroup.net

FSport AB is an innovative gaming platform company. It creates and delivers fair and genuinely entertaining sports betting on a proprietary platform, developed with the player at the center. FSport game is always challenging and designed to be used in mobile.

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