Freetrailer Group A/S (XSAT:FREETR) ROCE % : 27.30% (As of Dec. 2023)

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What is Freetrailer Group A/S 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. Freetrailer Group A/S's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.30%.

Freetrailer Group A/S ROCE % Historical Data

The historical data trend for Freetrailer Group A/S'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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Freetrailer Group A/S ROCE % Chart

Freetrailer Group A/S Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-26.71

15.97

40.81

48.66

21.98

Freetrailer Group A/S Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.05	-27.31	19.70	86.14	27.30

Freetrailer Group A/S ROCE % Calculation

Freetrailer Group A/S's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	6.325	/	( ( (41.732 - 14.824)	+	(45.712 - 15.061) )	/ 2 )
	=	6.325	/	( (26.908	+	30.651)	/ 2 )
	=	6.325	/	28.7795
	=	21.98 %

Freetrailer Group A/S's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	10.92	/	( ( (56.738 - 18.246)	+	(59.942 - 18.433) )	/ 2 )
	=	10.92	/	( ( 38.492	+	41.509 )	/ 2 )
	=	10.92	/	40.0005
	=	27.30 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Freetrailer Group A/S (XSAT:FREETR) 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.

Freetrailer Group A/S ROCE % Related Terms

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Freetrailer Group A/S (XSAT:FREETR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Freetrailer Group A/S (XSAT:FREETR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

R0C:Germany

Address

Mollevej 67-69, Gladsaxe, Soborg, DNK, 2860

Website

https://www.freetrailer.com

Freetrailer Group A/S is a Danish tech company that allows people to hire different types of trailers and cargo bikes on a rental basis through its technology platform. Some of the products that people can hire through its platform are Closed trailer, Open trailer, Open 2 axle trailer and Trio eBike.

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