SMAIO (FRA:G3O) ROCE % : 29.58% (As of Jun. 2023)

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What is SMAIO 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. SMAIO's annualized ROCE % for the quarter that ended in Jun. 2023 was 29.58%.

SMAIO ROCE % Historical Data

The historical data trend for SMAIO'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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SMAIO ROCE % Chart

SMAIO Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-295.80

-368.84

-86.62

7.12

SMAIO Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-2,461.54	-56.81	-39.40	29.58	-15.21

SMAIO ROCE % Calculation

SMAIO'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 )
	=	-3.989	/	( ( (8.252 - 8.87)	+	(11.949 - 2.121) )	/ 2 )
	=	-3.989	/	( (-0.618	+	9.828)	/ 2 )
	=	-3.989	/	4.605
	=	-86.62 %

SMAIO'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 )
	=	3.326	/	( ( (11.949 - 2.121)	+	(14.214 - 1.552) )	/ 2 )
	=	3.326	/	( ( 9.828	+	12.662 )	/ 2 )
	=	3.326	/	11.245
	=	29.58 %

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

SMAIO (FRA:G3O) 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.

SMAIO ROCE % Related Terms

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SMAIO (FRA:G3O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » SMAIO SA (FRA:G3O) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ALSMA:France

Address

2 Place Berthe Morisot, Parc Technologique, Saint-Priest, FRA, 69800

Website

https://www.smaio.com

SMAIO SA is engaged in offering spine surgeons a complete solution, consisting of software, implantable devices, and associated services, to treat spinal pathologies requiring surgery.

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