029 Group SE (XTER:Z29) ROCE % : -55.41% (As of Dec. 2023)

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What is 029 Group SE 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. 029 Group SE's annualized ROCE % for the quarter that ended in Dec. 2023 was -55.41%.

029 Group SE ROCE % Historical Data

The historical data trend for 029 Group SE'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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029 Group SE ROCE % Chart

029 Group SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.65

-3.91

-13.41

-6.09

-29.96

029 Group SE Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-11.50	-16.88	-6.01	-3.36	-55.41

029 Group SE ROCE % Calculation

029 Group SE'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 )
	=	-5.584	/	( ( (21.889 - 0.385)	+	(17.338 - 1.566) )	/ 2 )
	=	-5.584	/	( (21.504	+	15.772)	/ 2 )
	=	-5.584	/	18.638
	=	-29.96 %

029 Group SE'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-10.438	/	( ( (21.968 - 0.064)	+	(17.338 - 1.566) )	/ 2 )
	=	-10.438	/	( ( 21.904	+	15.772 )	/ 2 )
	=	-10.438	/	18.838
	=	-55.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

029 Group SE (XTER:Z29) 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.

029 Group SE ROCE % Related Terms

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029 Group SE (XTER:Z29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 029 Group SE (XTER:Z29) » Definitions » ROCE %

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Traded in Other Exchanges

Z29:Germany

Address

Neue Schonhauserstr. 3-5, Berlin, DEU, 10178

Website

https://www.029-group.com/de

029 Group SE is a hospitality and lifestyle platform blending luxury, technology, and community to build and support category-defining brands aimed at making people's lives happier. The company investment is focused on two business sectors which are Hospitality and Lifestyle. The company operates in three segments Hospitality, Enabling Technologies, and Consumer Brands.

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