FL Entertainment NV (XAMS:FLE) ROCE % : 19.69% (As of Dec. 2023)

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What is FL Entertainment NV 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. FL Entertainment NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.69%.

FL Entertainment NV ROCE % Historical Data

The historical data trend for FL Entertainment NV'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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FL Entertainment NV ROCE % Chart

FL Entertainment NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.05

9.42

3.93

4.91

11.01

FL Entertainment NV Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							10.13	7.25	6.88	9.54	19.69

FL Entertainment NV ROCE % Calculation

FL Entertainment NV'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 )
	=	347.4	/	( ( (5242.6 - 2196.1)	+	(5733 - 2467.6) )	/ 2 )
	=	347.4	/	( (3046.5	+	3265.4)	/ 2 )
	=	347.4	/	3155.95
	=	11.01 %

FL Entertainment NV'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 )
	=	643.2	/	( ( (5903 - 2633.6)	+	(5733 - 2467.6) )	/ 2 )
	=	643.2	/	( ( 3269.4	+	3265.4 )	/ 2 )
	=	643.2	/	3267.4
	=	19.69 %

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

FL Entertainment NV (XAMS:FLE) 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.

FL Entertainment NV ROCE % Related Terms

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FL Entertainment NV (XAMS:FLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » FL Entertainment NV (XAMS:FLE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

W320:Germany

Address

5 Rue Francois 1er, Paris, ITA, 75008

Website

https://www.flentertainment.com

FL Entertainment NV is an independent content production and fastest-growing online sports betting platform in Europe through its Banijay and Betclic Everest Group businesses. Banijay produces both scripted and non-scripted content across all genres, including reality shows, entertainment and talk shows, game shows, factual entertainment, documentary, drama, animation and comedy. Betclic Everest Group operates an online sports betting platform in Europe.

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