Tobii AB (OSTO:TOBII) ROCE % : -38.63% (As of Sep. 2023)

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What is Tobii 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. Tobii AB's annualized ROCE % for the quarter that ended in Sep. 2023 was -38.63%.

Tobii AB ROCE % Historical Data

The historical data trend for Tobii 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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Tobii AB ROCE % Chart

Tobii AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-16.43

-12.11

-21.60

-15.64

-10.59

Tobii AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-7.99	-3.37	-26.55	-18.46	-38.63

Tobii AB ROCE % Calculation

Tobii AB'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 )
	=	-93	/	( ( (1224 - 294)	+	(1224 - 397) )	/ 2 )
	=	-93	/	( (930	+	827)	/ 2 )
	=	-93	/	878.5
	=	-10.59 %

Tobii AB's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-276	/	( ( (1212 - 465)	+	(1158 - 476) )	/ 2 )
	=	-276	/	( ( 747	+	682 )	/ 2 )
	=	-276	/	714.5
	=	-38.63 %

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

Tobii AB (OSTO:TOBII) 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.

Tobii AB ROCE % Related Terms

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Tobii AB (OSTO:TOBII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tobii AB (OSTO:TOBII) » Definitions » ROCE %

Comparable Companies

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TBIIF:USA 0R6W:UK 24T:Germany

Address

Karlsrovagen 2D, Danderyd, SWE, S-182 53

Website

https://www.tobii.com

Tobii AB, along with its subsidiaries, provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, Asia/Oceania, and Other countries. It derives a majority of revenue from the USA.

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