Otello ASA (CHIX:OTECO) ROCE % : 16.93% (As of Dec. 2023)

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What is Otello 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. Otello ASA's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.93%.

Otello ASA ROCE % Historical Data

The historical data trend for Otello 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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Otello ASA ROCE % Chart

Otello ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.20

-4.58

-17.61

8.32

7.22

Otello ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-28.64	-1.48	20.83	-3.76	16.93

Otello ASA ROCE % Calculation

Otello 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 )
	=	79.827	/	( ( (1084.835 - 23.031)	+	(1162.47 - 12.343) )	/ 2 )
	=	79.827	/	( (1061.804	+	1150.127)	/ 2 )
	=	79.827	/	1105.9655
	=	7.22 %

Otello 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	201.852	/	( ( (1258.86 - 23.752)	+	(1162.47 - 12.343) )	/ 2 )
	=	201.852	/	( ( 1235.108	+	1150.127 )	/ 2 )
	=	201.852	/	1192.6175
	=	16.93 %

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

Otello ASA (CHIX:OTECo) 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.

Otello ASA ROCE % Related Terms

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Otello ASA (CHIX:OTECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Otello Corp ASA (CHIX:OTECo) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

OPESF:USA OTEC:Norway OS3:Germany

Address

Gjerdrums vei 19, Oslo, NOR, NO-0484

Website

https://www.otellocorp.com

Otello Corp ASA Norway-based company. The company holds shares in different businesses, including, i) Bemobi, a Mobile Media and Entertainment company that integrates people and mobile content through technology and offers a subscription-based discovery service for mobile apps in Latin America and beyond; and ii) Skyfire which offers cloud-based network solutions for mobile operators.

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