Sun4Energy Group AB (NGM:SUN4) ROCE % : 75.44% (As of Dec. 2023)

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What is Sun4Energy 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. Sun4Energy Group AB's annualized ROCE % for the quarter that ended in Dec. 2023 was 75.44%.

Sun4Energy Group AB ROCE % Historical Data

The historical data trend for Sun4Energy 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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Sun4Energy Group AB ROCE % Chart

Sun4Energy Group AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

20.97

-11.22

13.51

11.61

Sun4Energy Group AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								50.26	28.33	-24.57	-59.84	75.44

Sun4Energy Group AB ROCE % Calculation

Sun4Energy 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 )
	=	12.535	/	( ( (129.271 - 48.151)	+	(268.382 - 133.506) )	/ 2 )
	=	12.535	/	( (81.12	+	134.876)	/ 2 )
	=	12.535	/	107.998
	=	11.61 %

Sun4Energy 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 )
	=	62.512	/	( ( (95.604 - 64.746)	+	(268.382 - 133.506) )	/ 2 )
	=	62.512	/	( ( 30.858	+	134.876 )	/ 2 )
	=	62.512	/	82.867
	=	75.44 %

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

Sun4Energy Group AB (NGM:SUN4) 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.

Sun4Energy Group AB ROCE % Related Terms

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Sun4Energy Group AB (NGM:SUN4) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Skjutbanevagen 11, Orebro, SWE, 703 69

Website

https://www.sun4energy.se

Sun4Energy Group AB is engaged in designing, installing, and commissioning solar cell systems and electric car chargers, both AC and DC chargers for private individuals, companies, and municipalities. The company's goal is to contribute solutions that accelerate the transition to efficient and fossil-free energy solutions.

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