IDEX Biometrics ASA (LTS:0MTP) ROCE % : -156.65% (As of Jun. 2023)

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What is IDEX Biometrics ASA 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. IDEX Biometrics ASA's annualized ROCE % for the quarter that ended in Jun. 2023 was -156.65%.

IDEX Biometrics ASA ROCE % Historical Data

The historical data trend for IDEX Biometrics ASA'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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IDEX Biometrics ASA ROCE % Chart

IDEX Biometrics ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-109.94

-199.45

-165.03

-124.89

-107.31

IDEX Biometrics ASA Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-145.20	-196.00	-98.37	-145.15	-156.65

IDEX Biometrics ASA ROCE % Calculation

IDEX Biometrics ASA'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 )
	=	-308.98	/	( ( (377.44 - 38.529)	+	(286.681 - 49.727) )	/ 2 )
	=	-308.98	/	( (338.911	+	236.954)	/ 2 )
	=	-308.98	/	287.9325
	=	-107.31 %

IDEX Biometrics ASA'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: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-320.824	/	( ( (228.498 - 46.985)	+	(292.377 - 64.282) )	/ 2 )
	=	-320.824	/	( ( 181.513	+	228.095 )	/ 2 )
	=	-320.824	/	204.804
	=	-156.65 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) EBIT data.

IDEX Biometrics ASA (LTS:0MTP) 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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IDEX Biometrics ASA (LTS:0MTP) Business Description

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IDXAD:USA IDEXO:Sweden IDEX:Norway I8X0:Germany

Address

Dronning Eufemias gate 16, Fornebu, Oslo, NOR, NO?0191

Website

https://www.idexbiometrics.com

IDEX Biometrics ASA is a fingerprint imaging, recognition, and authentication technology company. It is engaged in developing and commercializing fingerprint authentication solutions optimized for use in smart cards, based on patented and proprietary sensor technologies, integrated circuit designs, and specialized firmware and software. IDEX provides hardware and software fingerprint solutions suitable for embedding into products to strengthen security and enhance user-friendliness products. Its product portfolio includes Biometric fingerprint sensors, Biometrics fingerprint modules, Enrollment solutions, and others. The company operates in Europe, the Middle East, and Africa, America, and Asia.

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