eBlitz Group AB (NGM:EBLITZ) ROCE % : -27.85% (As of Oct. 2023)

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What is eBlitz 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. eBlitz Group AB's annualized ROCE % for the quarter that ended in Oct. 2023 was -27.85%.

eBlitz Group AB ROCE % Historical Data

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

eBlitz Group AB Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

ROCE %

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-10.54

-39.20

1.08

10.44

-18.27

eBlitz Group AB Semi-Annual Data
	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial							46.28	-23.94	-23.22	-15.06	-27.85

eBlitz Group AB ROCE % Calculation

eBlitz Group AB's annualized ROCE % for the fiscal year that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2023 )		(A: Apr. 2022 )		(A: Apr. 2023 )
	=	-5.885	/	( ( (29.943 - 1.015)	+	(36.673 - 1.176) )	/ 2 )
	=	-5.885	/	( (28.928	+	35.497)	/ 2 )
	=	-5.885	/	32.2125
	=	-18.27 %

eBlitz Group AB's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	-9.242	/	( ( (36.673 - 1.176)	+	(31.682 - 0.814) )	/ 2 )
	=	-9.242	/	( ( 35.497	+	30.868 )	/ 2 )
	=	-9.242	/	33.1825
	=	-27.85 %

(1) Note: The EBIT data used here is two times the semi-annual (Oct. 2023) EBIT data.

eBlitz Group AB (NGM:EBLITZ) 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.

eBlitz Group AB ROCE % Related Terms

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eBlitz Group AB (NGM:EBLITZ) Business Description

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Address

Kungsgatan 8, Floor 2, KG10 Office Hotel, Stockholm, SWE, SE- 114 35

Website

https://www.eblitz.se

eBlitz Group AB is an investment and advisory company active in Digital Entertainment. Its business concept is to provide independent business advice and financing solutions to Swedish growth companies and to actively manage the company's equity in the interests of shareholders.

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