Adevinta ASA (OSL:ADE) ROCE % : -7.62% (As of Dec. 2023)

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What is Adevinta ASA 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. Adevinta ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.62%.

Adevinta ASA ROCE % Historical Data

The historical data trend for Adevinta ASA'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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Adevinta ASA ROCE % Chart

Adevinta ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.63

-1.31

0.30

-13.52

-0.07

Adevinta ASA 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															-57.27	2.09	3.02	2.15	-7.62

Adevinta ASA ROCE % Calculation

Adevinta ASA'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 )
	=	-80.53	/	( ( (125427.032 - 4291.145)	+	(133426.326 - 7684.841) )	/ 2 )
	=	-80.53	/	( (121135.887	+	125741.485)	/ 2 )
	=	-80.53	/	123438.686
	=	-0.07 %

Adevinta ASA'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 )
	=	-9755.608	/	( ( (135724.112 - 5471.085)	+	(133426.326 - 7684.841) )	/ 2 )
	=	-9755.608	/	( ( 130253.027	+	125741.485 )	/ 2 )
	=	-9755.608	/	127997.256
	=	-7.62 %

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

Adevinta ASA (OSL:ADE) 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.

Adevinta ASA ROCE % Related Terms

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Adevinta ASA (OSL:ADE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Adevinta ASA (OSL:ADE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ADEVY:USA ADEVF:USA ADEO:Sweden ADEo:UK AD5B:Germany

Address

Grensen 5, P.O. Box 490, Sentrum, Oslo, NOR, NO-0105

Website

https://www.adevinta.com

Adevinta ASA is a Global online classifieds company with generalist, real estate, cars, jobs, and other internet marketplaces. It focuses on connecting buyers seeking goods or services with a large base of sellers. The company's local brands include leboncoin in France, InfoJobs and Fotocasa in Spain, OLX in Brazil, Subito in Italy, and Jofogas in Hungary, among many others. Its geographical segment includes France; Spain; Brazil; Global Markets and others. The company derives a majority of revenue from France.

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