Avsalt Group AB (NGM:AVSALT) ROCE % : -130.80% (As of Jun. 2023)

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What is Avsalt Group 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. Avsalt Group AB's annualized ROCE % for the quarter that ended in Jun. 2023 was -130.80%.

Avsalt Group AB ROCE % Historical Data

The historical data trend for Avsalt Group 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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Avsalt Group AB ROCE % Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

-114.88

-125.25

-461.23

-158.11

Avsalt Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial										-254.46	-317.25	-174.39	-91.74	-130.80

Avsalt Group AB ROCE % Calculation

Avsalt Group AB'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 )
	=	-13.622	/	( ( (5.902 - 1.902)	+	(18.983 - 5.752) )	/ 2 )
	=	-13.622	/	( (4	+	13.231)	/ 2 )
	=	-13.622	/	8.6155
	=	-158.11 %

Avsalt Group AB'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 )
	=	-11.28	/	( ( (17.135 - 6.953)	+	(16.299 - 9.233) )	/ 2 )
	=	-11.28	/	( ( 10.182	+	7.066 )	/ 2 )
	=	-11.28	/	8.624
	=	-130.80 %

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

Avsalt Group AB (NGM:AVSALT) 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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Avsalt Group AB (NGM:AVSALT) Business Description

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Address

Kungsportsavenyen 21, Gothenburg, SWE, 411 36

Website

https://www.zesec.com

Zesec of Sweden is an internet of things company that offers key-free access for physical passage. It is a SaaS platform that sits on top of all existing door access systems and can open doors for everyone. It make easy to share keys and unlock doors with smartphone.

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