Toosla (XPAR:ALTOO) ROCE % : -18.13% (As of Jun. 2024)

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What is Toosla 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. Toosla's annualized ROCE % for the quarter that ended in Jun. 2024 was -18.13%.

Toosla ROCE % Historical Data

The historical data trend for Toosla'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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Toosla ROCE % Chart

Toosla Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-8.90

-6.13

-3.47

-13.19

-28.67

Toosla Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial						-11.69	-13.21	-33.39	-21.16	-18.13

Toosla ROCE % Calculation

Toosla'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 )
	=	-4.755	/	( ( (31.483 - 13.5)	+	(33.814 - 18.625) )	/ 2 )
	=	-4.755	/	( (17.983	+	15.189)	/ 2 )
	=	-4.755	/	16.586
	=	-28.67 %

Toosla's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-2.532	/	( ( (33.814 - 18.625)	+	(27.374 - 14.635) )	/ 2 )
	=	-2.532	/	( ( 15.189	+	12.739 )	/ 2 )
	=	-2.532	/	13.964
	=	-18.13 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Toosla (XPAR:ALTOO) 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.

Toosla ROCE % Related Terms

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Toosla Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toosla SA (XPAR:ALTOO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 Rue des Compagnons, Cormontreuil, FRA, 51350

Website

https://www.toosla.com

Toosla SA is specialized in short-term rental of vehicles. The company's business activity is carried out over a mobile platform that lets users rent vehicles online without going through an agency, and have their vehicle delivered to their home or pick it up at any time at one of the company's approved stations.

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