J.Molner AS (OTSE:MOLNR) ROCE % : -53.92% (As of Dec. 2023)

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What is J.Molner AS 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. J.Molner AS's annualized ROCE % for the quarter that ended in Dec. 2023 was -53.92%.

J.Molner AS ROCE % Historical Data

The historical data trend for J.Molner AS'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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J.Molner AS ROCE % Chart

J.Molner AS Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-942.42

-83.28

-53.67

J.Molner AS Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-261.27	-80.45	-49.73	-53.92

J.Molner AS ROCE % Calculation

J.Molner AS'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 )
	=	-0.928	/	( ( (1.746 - 0.463)	+	(3.131 - 0.956) )	/ 2 )
	=	-0.928	/	( (1.283	+	2.175)	/ 2 )
	=	-0.928	/	1.729
	=	-53.67 %

J.Molner AS'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 )
	=	-1.082	/	( ( (2.339 - 0.501)	+	(3.131 - 0.956) )	/ 2 )
	=	-1.082	/	( ( 1.838	+	2.175 )	/ 2 )
	=	-1.082	/	2.0065
	=	-53.92 %

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

J.Molner AS (OTSE:MOLNR) 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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J.Molner AS (OTSE:MOLNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » J.Molner AS (OTSE:MOLNR) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Akadeemia tee 21/5, Harju maakond, Tallinn, EST, 12618

Website

https://www.jmolner.com

J.Molner AS is an Estonia-based company. The company is engaged in research and development in the field of biotechnology. The activities of the Company are divided into two fields: 1) Chemistry analytical and development services for third parties; 2) Development of the Company's own line of generic pharmaceuticals.

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