Spin Master (Spin Master) ROCE % : -15.37% (As of Mar. 2024)

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What is Spin Master 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. Spin Master's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.37%.

Spin Master ROCE % Historical Data

The historical data trend for Spin Master'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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Spin Master ROCE % Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.68

1.75

25.38

27.10

14.13

Spin Master Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-0.35	11.16	54.32	-8.38	-15.37

Spin Master ROCE % Calculation

Spin Master'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 )
	=	206.3	/	( ( (1805.1 - 427.6)	+	(1989.7 - 446.5) )	/ 2 )
	=	206.3	/	( (1377.5	+	1543.2)	/ 2 )
	=	206.3	/	1460.35
	=	14.13 %

Spin Master'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 )
	=	-249.6	/	( ( (1989.7 - 446.5)	+	(2522.4 - 817.6) )	/ 2 )
	=	-249.6	/	( ( 1543.2	+	1704.8 )	/ 2 )
	=	-249.6	/	1624
	=	-15.37 %

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

Spin Master (OTCPK:SNMSF) 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.

Spin Master ROCE % Related Terms

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Spin Master (Spin Master) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spin Master Corp (OTCPK:SNMSF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SP9:Germany TOY:Canada

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.