GoPro (FRA:5G5) ROCE % : -30.85% (As of Mar. 2024)

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What is GoPro 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. GoPro's annualized ROCE % for the quarter that ended in Mar. 2024 was -30.85%.

GoPro ROCE % Historical Data

The historical data trend for GoPro'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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GoPro ROCE % Chart

GoPro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.04

-8.19

17.98

5.30

-8.33

GoPro 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															-18.70	-10.49	-0.98	-2.30	-30.85

GoPro ROCE % Calculation

GoPro'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 )
	=	-57.802	/	( ( (1016.617 - 260.476)	+	(887.611 - 255.929) )	/ 2 )
	=	-57.802	/	( (756.141	+	631.682)	/ 2 )
	=	-57.802	/	693.9115
	=	-8.33 %

GoPro'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 )
	=	-147.956	/	( ( (887.611 - 255.929)	+	(529.695 - 202.126) )	/ 2 )
	=	-147.956	/	( ( 631.682	+	327.569 )	/ 2 )
	=	-147.956	/	479.6255
	=	-30.85 %

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

GoPro (FRA:5G5) 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.

GoPro ROCE % Related Terms

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GoPro (FRA:5G5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GoPro Inc (FRA:5G5) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GPRO:USA 1GPRO:Italy 5G5:Germany GPRO34:Brazil GPRO:Austria

Address

3025 Clearview Way, San Mateo, CA, USA, 94402

Website

https://www.gopro.com

GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

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