Bike24 Holding AG (XTER:BIKE) ROCE % : -4.42% (As of Sep. 2024)

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What is Bike24 Holding 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. Bike24 Holding AG's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.42%.

Bike24 Holding AG ROCE % Historical Data

The historical data trend for Bike24 Holding 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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Bike24 Holding AG ROCE % Chart

Bike24 Holding AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

2.08

2.28

-2.73

-36.28

Bike24 Holding AG Quarterly Data
	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													-2.92	-117.34	-14.12	-4.85	-4.42

Bike24 Holding AG ROCE % Calculation

Bike24 Holding 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 )
	=	-83.434	/	( ( (340.853 - 65.602)	+	(246.605 - 61.894) )	/ 2 )
	=	-83.434	/	( (275.251	+	184.711)	/ 2 )
	=	-83.434	/	229.981
	=	-36.28 %

Bike24 Holding 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 )
	=	-7.588	/	( ( (240.048 - 66.784)	+	(235.931 - 66.06) )	/ 2 )
	=	-7.588	/	( ( 173.264	+	169.871 )	/ 2 )
	=	-7.588	/	171.5675
	=	-4.42 %

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

Bike24 Holding AG (XTER:BIKE) 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.

Bike24 Holding AG ROCE % Related Terms

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Bike24 Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bike24 Holding AG (XTER:BIKE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0AAT:UK

Address

Breitscheidstrasse 40, Dresden, DEU, 01237

Website

https://www.bike24.com

Bike24 Holding AG offers an e-commerce platform in Europe. Its online shop offers customers a range of bike products in the European market, including parts, accessories, and clothing, traditional bikes and e-bikes, as well as adjacent sports, electric and outdoor products. It operates in the Full Bikes product segment. Its geographic segment is Germany, Austria, and Switzerland, the Rest of Europe, Rest of the world, and the majority of the revenue comes from Germany. Its Brands include Asics, Cube, Endura, Fox, Garmin, and others.

Executives

Ralf Kindermann	Supervisory Board
Sylvio Eichhorst	Supervisory Board
Bettina Curtze	Supervisory Board

Bike24 Holding AG Headlines

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