Amer Sports (Amer Sports) ROCE % : 4.81% (As of Mar. 2024)

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What is Amer Sports 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. Amer Sports's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.81%.

Amer Sports ROCE % Historical Data

The historical data trend for Amer Sports'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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Amer Sports ROCE % Chart

Amer Sports Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

1.51

2.43

0.90

4.43

Amer Sports Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					7.81	0.35	6.18	3.46	4.81

Amer Sports ROCE % Calculation

Amer Sports'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 )
	=	297.1	/	( ( (7895.1 - 1279.4)	+	(8373.8 - 1573.9) )	/ 2 )
	=	297.1	/	( (6615.7	+	6799.9)	/ 2 )
	=	297.1	/	6707.8
	=	4.43 %

Amer Sports'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 )
	=	333.6	/	( ( (8373.8 - 1573.9)	+	(8174.5 - 1106.2) )	/ 2 )
	=	333.6	/	( ( 6799.9	+	7068.3 )	/ 2 )
	=	333.6	/	6934.1
	=	4.81 %

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

Amer Sports (NYSE:AS) 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.

Amer Sports ROCE % Related Terms

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Amer Sports (Amer Sports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Amer Sports Inc (NYSE:AS) » Definitions » ROCE %

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Address

Website

Amer Sports Inc. is a group of sports and outdoor brands, including Arc'teryx, Salomon, Wilson, Atomic, and Peak Performance. It has three reportable segments: Technical Apparel, Outdoor Performance as well and Ball & Racquet Sports. Technical Apparel includes outdoor apparel, footwear, and accessories and consists of the Arc'teryx and Peak Performance brands, Outdoor Performance includes outdoor apparel, footwear, accessories, and winter sports equipment and consists of our Salomon, Atomic, Armada, and ENVE brands, Ball & Racquet Sports includes sports equipment, apparel and accessories and consists of our Wilson, Louisville Slugger, DeMarini, EvoShield, Atec and Luxilon brands, all of which comprise the Wilson Sporting Goods portfolio. Max revenue is generated from Outdoor Performance.

Amer Sports (Amer Sports) Headlines

From GuruFocus

Amer Sports, Inc. Announces Launch of its Initial Public Offering

By Business Wire • 01-22-2024