Smart Equity AG (HAM:SE3) ROCE % : -2.63% (As of Dec. 2023)

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What is Smart Equity AG 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. Smart Equity AG's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.63%.

Smart Equity AG ROCE % Historical Data

The historical data trend for Smart Equity AG'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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Smart Equity AG ROCE % Chart

Smart Equity AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.26

71.34

95.92

-63.33

-2.63

Smart Equity AG Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial			-5.26	71.34	95.92	-63.33	-2.63

Smart Equity AG ROCE % Calculation

Smart Equity AG'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 )
	=	-0.046	/	( ( (2.676 - 0.886)	+	(1.901 - 0.195) )	/ 2 )
	=	-0.046	/	( (1.79	+	1.706)	/ 2 )
	=	-0.046	/	1.748
	=	-2.63 %

Smart Equity AG'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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-0.046	/	( ( (2.676 - 0.886)	+	(1.901 - 0.195) )	/ 2 )
	=	-0.046	/	( ( 1.79	+	1.706 )	/ 2 )
	=	-0.046	/	1.748
	=	-2.63 %

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

Smart Equity AG (HAM:SE3) 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.

Smart Equity AG ROCE % Related Terms

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Smart Equity AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Smart Equity AG (HAM:SE3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lutticher Strasse 8a, Cologne, DEU, 50674

Website

https://www.smartequityag.de

Smart Equity AG is a Germany-based investment company. It is engaged in Bitcoin mining. It focuses on DLT and digital transformation-related projects.

Executives

Dr. Georg Issels	Supervisory Board
Dr. Johannes Blome-drees	Board of Directors

Smart Equity AG Headlines

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