Exsitec Holding AB (OSTO:EXS) ROCE % : 22.02% (As of Mar. 2024)

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What is Exsitec Holding 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. Exsitec Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.02%.

Exsitec Holding AB ROCE % Historical Data

The historical data trend for Exsitec Holding 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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Exsitec Holding AB ROCE % Chart

Exsitec Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.66

10.01

18.37

16.58

19.11

Exsitec Holding AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.89	20.02	3.48	28.19	22.02

Exsitec Holding AB ROCE % Calculation

Exsitec Holding 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 )
	=	100.86	/	( ( (748.795 - 242.408)	+	(805.241 - 255.838) )	/ 2 )
	=	100.86	/	( (506.387	+	549.403)	/ 2 )
	=	100.86	/	527.895
	=	19.11 %

Exsitec Holding AB's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	132.22	/	( ( (805.241 - 255.838)	+	(856.073 - 204.313) )	/ 2 )
	=	132.22	/	( ( 549.403	+	651.76 )	/ 2 )
	=	132.22	/	600.5815
	=	22.02 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Exsitec Holding AB (OSTO:EXS) 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.

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Exsitec Holding AB (OSTO:EXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Exsitec Holding AB (OSTO:EXS) » Definitions » ROCE %

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N/A

Address

Snickaregatan 40, Linkoping, SWE, 582 26

Website

https://www.exsitec.se

Exsitec Holding AB provides information technology services. The business activities of the company include IT support by providing support, management, and further development of the IT systems of the customers. The company offers e-commerce solutions, software development, IT training, and other related services. The group's operations are managed and reported based on the three operating segments: Sweden, Norway, and Denmark. The majority of its revenue is derived from Sweden.

Exsitec Holding AB (OSTO:EXS) Headlines

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