Jumia Technologies AG (WBO:JMIA) ROCE % : -95.75% (As of Sep. 2024)

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What is Jumia Technologies AG 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. Jumia Technologies AG's annualized ROCE % for the quarter that ended in Sep. 2024 was -95.75%.

Jumia Technologies AG ROCE % Historical Data

The historical data trend for Jumia Technologies AG'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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Jumia Technologies AG ROCE % Chart

Jumia Technologies AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-187.17

-68.95

-59.63

-70.00

-72.79

Jumia Technologies AG 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															-65.64	-169.24	-47.30	-195.93	-95.75

Jumia Technologies AG ROCE % Calculation

Jumia Technologies AG'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 )
	=	-88.428	/	( ( (311.729 - 135.154)	+	(174.177 - 107.788) )	/ 2 )
	=	-88.428	/	( (176.575	+	66.389)	/ 2 )
	=	-88.428	/	121.482
	=	-72.79 %

Jumia Technologies AG'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 )
	=	-62.836	/	( ( (138.353 - 107.405)	+	(200.278 - 99.978) )	/ 2 )
	=	-62.836	/	( ( 30.948	+	100.3 )	/ 2 )
	=	-62.836	/	65.624
	=	-95.75 %

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

Jumia Technologies AG (WBO:JMIA) 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.

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Jumia Technologies AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jumia Technologies AG (WBO:JMIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JMIA:USA JMIA:Mexico 0A44:UK 4JMA:Germany

Address

Skalitzer Strasse 104, Berlin, BB, DEU, 10997

Website

https://www.group.jumia.com

Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.