Fossil Group (FRA:FSL) ROCE % : -12.98% (As of Dec. 2023)

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What is Fossil Group 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. Fossil Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -12.98%.

Fossil Group ROCE % Historical Data

The historical data trend for Fossil Group'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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Fossil Group ROCE % Chart

Fossil Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.14

-13.58

9.26

-0.36

-18.26

Fossil Group 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															0.80	-17.27	-14.60	-27.21	-12.98

Fossil Group ROCE % Calculation

Fossil Group'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 )
	=	-123.207	/	( ( (1168.793 - 402.068)	+	(896.854 - 314.051) )	/ 2 )
	=	-123.207	/	( (766.725	+	582.803)	/ 2 )
	=	-123.207	/	674.764
	=	-18.26 %

Fossil Group'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 )
	=	-81.268	/	( ( (996.26 - 326.628)	+	(896.854 - 314.051) )	/ 2 )
	=	-81.268	/	( ( 669.632	+	582.803 )	/ 2 )
	=	-81.268	/	626.2175
	=	-12.98 %

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

Fossil Group (FRA:FSL) 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.

Fossil Group ROCE % Related Terms

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Fossil Group (FRA:FSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fossil Group Inc (FRA:FSL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FOSL:USA FSL:Germany

Address

901 S. Central Expressway, Richardson, TX, USA, 75080

Website

https://www.fossilgroup.com

Fossil Group Inc is a design, innovation and distribution company in consumer fashion accessories. The products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The reportable segments are comprised of 1) Americas segment includes sales in Canada, Latin America and the United States. 2) Europe segment includes sales in European countries, the Middle East and Africa. 3) Asia segment includes sales in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity.

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