Grab Holdings (Grab Holdings) ROCE % : 1.44% (As of Dec. 2023)

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What is Grab Holdings 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. Grab Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.44%.

Grab Holdings ROCE % Historical Data

The historical data trend for Grab Holdings'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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Grab Holdings ROCE % Chart

Grab Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-69.04

-29.61

-25.08

-17.22

-4.77

Grab Holdings Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										-15.82	-10.00	-7.40	-3.62	1.44

Grab Holdings ROCE % Calculation

Grab Holdings'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 )
	=	-367	/	( ( (9170 - 1097)	+	(8792 - 1478) )	/ 2 )
	=	-367	/	( (8073	+	7314)	/ 2 )
	=	-367	/	7693.5
	=	-4.77 %

Grab Holdings'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 )
	=	104	/	( ( (8603 - 1439)	+	(8792 - 1478) )	/ 2 )
	=	104	/	( ( 7164	+	7314 )	/ 2 )
	=	104	/	7239
	=	1.44 %

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

Grab Holdings (NAS:GRAB) 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.

Grab Holdings ROCE % Related Terms

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Grab Holdings (Grab Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grab Holdings Inc (NAS:GRAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

A6I:Germany A6I:Germany

Address

3 Media Close, No. 01-03/06, Singapore, SGP, 138498

Website

https://www.grab.com

Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.