Kindred Group (LTS:0RDS) ROCE % : 24.29% (As of Mar. 2024)

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What is Kindred 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. Kindred Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.29%.

Kindred Group ROCE % Historical Data

The historical data trend for Kindred 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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Kindred Group ROCE % Chart

Kindred Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.83

34.44

51.87

17.13

9.54

Kindred Group 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															16.50	19.31	9.29	-8.37	24.29

Kindred Group ROCE % Calculation

Kindred 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 )
	=	919.289	/	( ( (15536.662 - 5416.532)	+	(15118.923 - 5968.884) )	/ 2 )
	=	919.289	/	( (10120.13	+	9150.039)	/ 2 )
	=	919.289	/	9635.0845
	=	9.54 %

Kindred Group'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 )
	=	2233.072	/	( ( (15118.923 - 5968.884)	+	(15278.285 - 6041.729) )	/ 2 )
	=	2233.072	/	( ( 9150.039	+	9236.556 )	/ 2 )
	=	2233.072	/	9193.2975
	=	24.29 %

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

Kindred Group (LTS:0RDS) 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.

Kindred Group ROCE % Related Terms

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Kindred Group (LTS:0RDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kindred Group PLC (LTS:0RDS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

KNDGF:USA KIND SDB:Sweden KINDs:UK UNBA:Germany

Address

C/o Camilleri Preziosi, South Street, Level 2, Valletta Buildings, Valletta, MLT, VLT 1103

Website

https://www.kindredgroup.com

Kindred Group PLC is an online gambling and gaming business that licenses online casino, poker, bingo, and sports betting. Its geographical reporting segments are as follows: the Nordics, Western Europe, Central, Eastern & Southern Europe, and Other. The company derives a majority of its revenue from Western Europe through gross winnings, betting duties, marketing revenue share, and other cost of sales. It operates through several different online brands, such as Unibet, Bingo.com, Maria Casino, and iGame. The Casino & Games products account for the most revenue, followed by Sports Betting, Poker, and Other.

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