Ocean Sun AS (FRA:OW7) ROCE % : -54.52% (As of Sep. 2024)

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What is Ocean Sun 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. Ocean Sun AS's annualized ROCE % for the quarter that ended in Sep. 2024 was -54.52%.

Ocean Sun AS ROCE % Historical Data

The historical data trend for Ocean Sun 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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Ocean Sun AS ROCE % Chart

Ocean Sun AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-53.02

-18.50

-21.20

-24.71

-32.55

Ocean Sun AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-35.18	-37.29	-22.49	-41.19	-54.52

Ocean Sun AS ROCE % Calculation

Ocean Sun 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 )
	=	-1.621	/	( ( (6.8 - 0.767)	+	(4.593 - 0.667) )	/ 2 )
	=	-1.621	/	( (6.033	+	3.926)	/ 2 )
	=	-1.621	/	4.9795
	=	-32.55 %

Ocean Sun AS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-1.7	/	( ( (3.965 - 0.578)	+	(3.213 - 0.364) )	/ 2 )
	=	-1.7	/	( ( 3.387	+	2.849 )	/ 2 )
	=	-1.7	/	3.118
	=	-54.52 %

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

Ocean Sun AS (FRA:OW7) 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.

Ocean Sun AS ROCE % Related Terms

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Ocean Sun AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ocean Sun AS (FRA:OW7) » Definitions » ROCE %

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Traded in Other Exchanges

OSUN:Norway

Address

Vollsveien 4, Lysaker, NOR, N-1366

Website

https://www.oceansun.no

Ocean Sun AS is engaged in the manufacture and distribution of floating solar power production systems. The company operates as a technology provider, offering its customers access to the technology, along with engineering and design services to help them utilize it. The system has solar panels attached to a membrane that floats on the surface of near-shore ocean sites or reservoirs. Some of the company's projects are Banja Dam, Magat Dam, Singapore Strait, Jurong Island etc.

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