Teco 2030 ASA (OSL:TECO) ROCE % : -32.84% (As of Sep. 2023)

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What is Teco 2030 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. Teco 2030 ASA's annualized ROCE % for the quarter that ended in Sep. 2023 was -32.84%.

Teco 2030 ASA ROCE % Historical Data

The historical data trend for Teco 2030 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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Teco 2030 ASA ROCE % Chart

Teco 2030 ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-85.44

-36.48

-31.67

Teco 2030 ASA Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial									-30.45	-41.35	-28.28	-25.74	-32.84

Teco 2030 ASA ROCE % Calculation

Teco 2030 ASA'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 )
	=	-84.076	/	( ( (260.823 - 38.531)	+	(356.408 - 47.684) )	/ 2 )
	=	-84.076	/	( (222.292	+	308.724)	/ 2 )
	=	-84.076	/	265.508
	=	-31.67 %

Teco 2030 ASA'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 )
	=	-92.94	/	( ( (440.979 - 149.321)	+	(465.862 - 191.542) )	/ 2 )
	=	-92.94	/	( ( 291.658	+	274.32 )	/ 2 )
	=	-92.94	/	282.989
	=	-32.84 %

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

Teco 2030 ASA (OSL:TECO) 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.

Teco 2030 ASA ROCE % Related Terms

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Teco 2030 ASA (OSL:TECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco 2030 ASA (OSL:TECO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TECFF:USA TE9:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.teco2030.no

Teco 2030 ASA is an engineering and equipment development company in the renewable energy sector. The company is developing technologies for marine emission reduction like Proton-exchange membrane fuel cells system integration and particulate and black carbon capture for exhaust gas cleaning. Its solutions include TECO PEM Fuel cells, TECO Future Funnel, TECO Future Funnel, and TECO Fuel Cell Factory. Its geographical segments are the United States and Malaysia, of which the USA accounts for the majority of the revenue.

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