Raketech Group Holding (OSTO:RAKE) ROCE % : 0.75% (As of Sep. 2024)

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What is Raketech Group Holding 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. Raketech Group Holding's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.75%.

Raketech Group Holding ROCE % Historical Data

The historical data trend for Raketech Group Holding'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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Raketech Group Holding ROCE % Chart

Raketech Group Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.52

8.82

9.02

10.27

7.09

Raketech Group Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.55	5.29	2.19	-31.83	0.75

Raketech Group Holding ROCE % Calculation

Raketech Group Holding'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 )
	=	99.835	/	( ( (1630.61 - 278.436)	+	(1856.861 - 394.308) )	/ 2 )
	=	99.835	/	( (1352.174	+	1462.553)	/ 2 )
	=	99.835	/	1407.3635
	=	7.09 %

Raketech Group Holding's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	9.672	/	( ( (1623.002 - 348.882)	+	(1516.083 - 215.399) )	/ 2 )
	=	9.672	/	( ( 1274.12	+	1300.684 )	/ 2 )
	=	9.672	/	1287.402
	=	0.75 %

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

Raketech Group Holding (OSTO:RAKE) 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.

Raketech Group Holding ROCE % Related Terms

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Raketech Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Raketech Group Holding PLC (OSTO:RAKE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fawwara building, Soho office, The Strand, Triq l-Imsida, Gzira, MLT, GZR 1401

Website

https://www.raketech.com

Raketech Group Holding PLC operates as an online affiliate and performance marketing company. Its primary business involves offering products that guide users in the iGaming market who are interested in sports and gambling, to gambling services. Its portfolio includes Casinos, Sports, and Crypto. It also offers its services as a software (sub-affiliation) and provides data-driven betting advice to consumers and its primary goal is to generate high-quality leads and targeted advertisement space by providing relevant and engaging content to users interested in sports, casinos, and betting. Its Services include Affiliation-as-a service, Affiliation marketing, and Betting tips & subscription.

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