Codere Online Luxembourg (Codere Online Luxembourg) ROCE % : -93.11% (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Codere Online Luxembourg 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. Codere Online Luxembourg's annualized ROCE % for the quarter that ended in Jun. 2023 was -93.11%.

Codere Online Luxembourg ROCE % Historical Data

The historical data trend for Codere Online Luxembourg'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.

* Premium members only.

Codere Online Luxembourg ROCE % Chart

Codere Online Luxembourg Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

-247.31

-58.54

Codere Online Luxembourg Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial			-	-327.51	-73.55	-30.85	-93.11

Codere Online Luxembourg ROCE % Calculation

Codere Online Luxembourg's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-32.597	/	( ( (118.955 - 35.715)	+	(73.419 - 45.289) )	/ 2 )
	=	-32.597	/	( (83.24	+	28.13)	/ 2 )
	=	-32.597	/	55.685
	=	-58.54 %

Codere Online Luxembourg's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-24.5	/	( ( (73.419 - 45.289)	+	(70.52 - 46.023) )	/ 2 )
	=	-24.5	/	( ( 28.13	+	24.497 )	/ 2 )
	=	-24.5	/	26.3135
	=	-93.11 %

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

Codere Online Luxembourg (NAS:CDRO) 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.

Codere Online Luxembourg ROCE % Related Terms

Thank you for viewing the detailed overview of Codere Online Luxembourg's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Codere Online Luxembourg (Codere Online Luxembourg) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere Online Luxembourg SA (NAS:CDRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CDRO:Mexico

Address

7 rue Robert Stumper, Luxembourg, LUX, L-2557

Website

http://www.codereonline.com

Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

Codere Online Luxembourg (Codere Online Luxembourg) Headlines

From GuruFocus

Codere Online Begins Operations in the City of Buenos Aires

By GuruFocusNews GuruFocusNews • 12-09-2021

Codere Online Begins Operations in the City of Buenos Aires

By GlobeNewswire GlobeNewswire • 12-09-2021