Cortus Energy AB (FRA:OCE0) ROCE % : 52.81% (As of Dec. 2024)

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What is Cortus Energy 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. Cortus Energy AB's annualized ROCE % for the quarter that ended in Dec. 2024 was 52.81%.

Cortus Energy AB ROCE % Historical Data

The historical data trend for Cortus Energy 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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Cortus Energy AB ROCE % Chart

Cortus Energy AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-77.21

-72.77

-63.83

-146.06

-156.21

Cortus Energy AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-559.35	-548.61	-294.93	-142.58	52.81

Cortus Energy AB ROCE % Calculation

Cortus Energy AB's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-3.835	/	( ( (7.688 - 5.908)	+	(6.902 - 3.772) )	/ 2 )
	=	-3.835	/	( (1.78	+	3.13)	/ 2 )
	=	-3.835	/	2.455
	=	-156.21 %

Cortus Energy AB's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1.54	/	( ( (6.264 - 3.562)	+	(6.902 - 3.772) )	/ 2 )
	=	1.54	/	( ( 2.702	+	3.13 )	/ 2 )
	=	1.54	/	2.916
	=	52.81 %

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

Cortus Energy AB (FRA:OCE0) 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.

Cortus Energy AB ROCE % Related Terms

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Cortus Energy AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cortus Energy AB (FRA:OCE0) » Definitions » ROCE %

Traded in Other Exchanges

CE:Sweden

Address

Isafjordsgatan 30C, 7th floor, Kista, SWE, 164 40

Website

http://www.cortus.se

Cortus Energy AB provides cost-effective and renewable energy gas. It offers energy gas for power, industrial and transport applications.

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