Candela Invest (XBRU:CAND) ROCE % : -1.85% (As of Jun. 2023)

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What is Candela Invest 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. Candela Invest's annualized ROCE % for the quarter that ended in Jun. 2023 was -1.85%.

Candela Invest ROCE % Historical Data

The historical data trend for Candela Invest'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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Candela Invest ROCE % Chart

Candela Invest Annual Data

Trend

Jul10

Jul11

Jul12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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13.34

9.74

12.23

-9.04

0.21

Candela Invest Semi-Annual Data
	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial															6.64	-25.67	13.31	-12.91	-1.85

Candela Invest ROCE % Calculation

Candela Invest'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 )
	=	0.018	/	( ( (11.23 - 2.61)	+	(13.61 - 5) )	/ 2 )
	=	0.018	/	( (8.62	+	8.61)	/ 2 )
	=	0.018	/	8.615
	=	0.21 %

Candela Invest's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.158	/	( ( (13.61 - 5)	+	(12.453 - 4.003) )	/ 2 )
	=	-0.158	/	( ( 8.61	+	8.45 )	/ 2 )
	=	-0.158	/	8.53
	=	-1.85 %

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

Candela Invest (XBRU:CAND) 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.

Candela Invest ROCE % Related Terms

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Candela Invest (XBRU:CAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Candela Invest SA (XBRU:CAND) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

The Crescent, Lenniksebaan 451 bus 32, Anderlecht, Bruxelles, BEL, 1070

Website

http://www.candelainvest.com

Candela Invest SA is a sector fund company that focuses on the acquisition of industrial lighting sector and production of waterproof luminaires. Its main objective is the acquisition, active management and disposal of potential.

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