ExeoTech Invest AB (NGM:ETIN) ROCE % : -52.81% (As of Sep. 2018)

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What is ExeoTech Invest 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. ExeoTech Invest AB's annualized ROCE % for the quarter that ended in Sep. 2018 was -52.81%.

ExeoTech Invest AB ROCE % Historical Data

The historical data trend for ExeoTech Invest 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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ExeoTech Invest AB ROCE % Chart

ExeoTech Invest AB Annual Data

Trend

Dec09

Dec10

Dec11

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-144.80

-724.92

-114.39

ExeoTech Invest AB Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															-66.84	-218.04	21.91	-42.11	-52.81

ExeoTech Invest AB ROCE % Calculation

ExeoTech Invest AB's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-18.736	/	( ( (26.422 - 8.783)	+	(29.1 - 13.981) )	/ 2 )
	=	-18.736	/	( (17.639	+	15.119)	/ 2 )
	=	-18.736	/	16.379
	=	-114.39 %

ExeoTech Invest AB's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	-8	/	( ( (20.3 - 5.6)	+	(19.5 - 3.9) )	/ 2 )
	=	-8	/	( ( 14.7	+	15.6 )	/ 2 )
	=	-8	/	15.15
	=	-52.81 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

ExeoTech Invest AB (NGM:ETIN) 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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ExeoTech Invest AB (NGM:ETIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » ExeoTech Invest AB (NGM:ETIN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Norra Vagen 18, Kalmar, SWE, 392 34

Website

http://www.exeotech.se

ExeoTech Invest AB invests in companies engaged in developing, manufacturing and supplying of stabilized maritime VSAT antenna systems enabling vessels in motion on-line two-way satellite broadband communication.

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