IAR Systems Group AB (IAR Systems Group AB) ROCE % : -166.71% (As of Dec. 2023)

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What is IAR Systems Group AB 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. IAR Systems Group AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -166.71%.

IAR Systems Group AB ROCE % Historical Data

The historical data trend for IAR Systems Group AB'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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IAR Systems Group AB ROCE % Chart

IAR Systems Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.27

12.24

-9.73

10.21

-32.61

IAR Systems Group AB 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															8.81	6.45	7.46	14.69	-166.71

IAR Systems Group AB ROCE % Calculation

IAR Systems Group AB'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 )
	=	-19.751	/	( ( (88.861 - 16.699)	+	(68.242 - 19.264) )	/ 2 )
	=	-19.751	/	( (72.162	+	48.978)	/ 2 )
	=	-19.751	/	60.57
	=	-32.61 %

IAR Systems Group AB'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 )
	=	-99.516	/	( ( (87.264 - 16.852)	+	(68.242 - 19.264) )	/ 2 )
	=	-99.516	/	( ( 70.412	+	48.978 )	/ 2 )
	=	-99.516	/	59.695
	=	-166.71 %

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

IAR Systems Group AB (OTCPK:IARGF) 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.

IAR Systems Group AB ROCE % Related Terms

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IAR Systems Group AB (IAR Systems Group AB) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » IAR Systems Group AB (OTCPK:IARGF) » Definitions » ROCE %

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IAR B:Sweden NC91:Germany

Address

Strandbodgatan 1A, Stockholm, SWE, SE-75323

Website

https://www.iar.com

IAR Systems Group AB provides software for the programming processors in embedded systems. The company's customers mainly operate in industrial automation, medical technology, IOT, consumer electronics, and automotive industries that develop products based on 8-, 16, 32-bit processors. Its flagship product is IAR embedded workbench. Geographically, it derives a majority of revenue from the Americas and also has a presence in Asia, EMEA, and the Nordic region.

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