Liberty Formula One Group (Liberty Formula One Group) ROCE % : 4.45% (As of Dec. 2023)

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What is Liberty Formula One 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. Liberty Formula One Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.45%.

Liberty Formula One Group ROCE % Historical Data

The historical data trend for Liberty Formula One 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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Liberty Formula One Group ROCE % Chart

Liberty Formula One Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.90

-5.19

-0.33

3.89

4.32

Liberty Formula One 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															4.28	16.86	7.13	8.42	4.45

Liberty Formula One Group ROCE % Calculation

Liberty Formula One 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 )
	=	425	/	( ( (11016 - 833)	+	(10267 - 787) )	/ 2 )
	=	425	/	( (10183	+	9480)	/ 2 )
	=	425	/	9831.5
	=	4.32 %

Liberty Formula One 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 )
	=	420	/	( ( (10554 - 1177)	+	(10267 - 787) )	/ 2 )
	=	420	/	( ( 9377	+	9480 )	/ 2 )
	=	420	/	9428.5
	=	4.45 %

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

Liberty Formula One Group (NAS:FWONK) 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.

Liberty Formula One Group ROCE % Related Terms

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Liberty Formula One Group (Liberty Formula One Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Liberty Formula One Group (NAS:FWONK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FWONB:USA FWONA:USA LM0F:Germany

Address

12300 Liberty Boulevard, Englewood, CO, USA, 80112

Website

http://www.libertymedia.com

Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.

Executives

Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Berkshire Hathaway Inc	10 percent owner	3555 FARNAM STREET, OMAHA NE 68131
R. Ted Weschler,	other: Member of 10% owner group	404B EAST MAIN STREET, 2ND FLOOR, CHARLOTTESVILLE VA 22902
Warren E Buffett	10 percent owner	3555 FARNAM ST, STE 1440, OMAHA NE 68131
Derek Chang	director	C/O CHARTER COMMUNICATIONS INC, 12405 POWERCOURT DR, ST LOUIS MO 63131
Renee L Wilm	officer: Chief Legal Officer	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Brian J Wendling	officer: SVP/Controller/PFO	12300 LIBERTY BOULEVARD, ENGLEWOOD CO 80112
Trango Ii, L.l.c.	10 percent owner	610 WEST 5TH STREET, SUITE 600, AUSTIN TX 78701
Ancient Art, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1110, AUSTIN TX 78701
Quincy J Lee	10 percent owner	425 SOLEDAD SUITE 500, SAN ANTONIO TX 78205
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mark D Carleton	officer: Chief Financial Officer	12300 LIBERTY BLVD., ENGLEWOOD CO 80112