Greek Organisation of Football Prognostics (ATH:OPAP) ROCE % : 41.87% (As of Mar. 2024)

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What is Greek Organisation of Football Prognostics 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. Greek Organisation of Football Prognostics's annualized ROCE % for the quarter that ended in Mar. 2024 was 41.87%.

Greek Organisation of Football Prognostics ROCE % Historical Data

The historical data trend for Greek Organisation of Football Prognostics'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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Greek Organisation of Football Prognostics ROCE % Chart

Greek Organisation of Football Prognostics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.75

13.06

19.24

39.21

37.18

Greek Organisation of Football Prognostics 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															35.82	31.57	27.78	45.47	41.87

Greek Organisation of Football Prognostics ROCE % Calculation

Greek Organisation of Football Prognostics'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 )
	=	606.373	/	( ( (2571.289 - 819.424)	+	(2100.086 - 590.305) )	/ 2 )
	=	606.373	/	( (1751.865	+	1509.781)	/ 2 )
	=	606.373	/	1630.823
	=	37.18 %

Greek Organisation of Football Prognostics'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 )
	=	649.932	/	( ( (2100.086 - 590.305)	+	(2117.186 - 522.102) )	/ 2 )
	=	649.932	/	( ( 1509.781	+	1595.084 )	/ 2 )
	=	649.932	/	1552.4325
	=	41.87 %

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

Greek Organisation of Football Prognostics (ATH:OPAP) 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.

Greek Organisation of Football Prognostics ROCE % Related Terms

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Greek Organisation of Football Prognostics (ATH:OPAP) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Greek Organisation of Football Prognostics SA (ATH:OPAP) » Definitions » ROCE %

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GRKZF:USA GOFPY:USA 0FI1:UK GF8A:Germany GF8:Germany GF8:Germany

Address

112 Athinon Avenue, Attica, Athens, GRC, 104 42

Website

https://www.opap.gr

Greek Organisation of Football Prognostics SA is a gambling company that operates lotteries and sports betting, including horse races. The company is the exclusive gambling provider in Greece. The firm is organized into segments based on the type of game: Lotteries, Betting, Online betting, other online games, instant and passive, Vlts, Telecom and emoney services and others. The gaming services are provided either online or through physical retailers. The company generates the vast majority of its revenue in Greece.

Greek Organisation of Football Prognostics (ATH:OPAP) Headlines

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