GreenMerc AB (NGM:GMERC B) ROCE % : 7.44% (As of Sep. 2024)

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What is GreenMerc 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. GreenMerc AB's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.44%.

GreenMerc AB ROCE % Historical Data

The historical data trend for GreenMerc 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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GreenMerc AB ROCE % Chart

GreenMerc AB Annual Data

Trend

Dec22

Dec23

ROCE %

14.55

-35.31

GreenMerc AB Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-13.79	-	-106.48	16.15	7.44

GreenMerc AB ROCE % Calculation

GreenMerc AB'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 )
	=	-3.238	/	( ( (13.848 - 7.09)	+	(12.856 - 1.274) )	/ 2 )
	=	-3.238	/	( (6.758	+	11.582)	/ 2 )
	=	-3.238	/	9.17
	=	-35.31 %

GreenMerc AB's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2.312	/	( ( (33.867 - 2.812)	+	(32.171 - 1.052) )	/ 2 )
	=	2.312	/	( ( 31.055	+	31.119 )	/ 2 )
	=	2.312	/	31.087
	=	7.44 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

GreenMerc AB (NGM:GMERC B) 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.

GreenMerc AB ROCE % Related Terms

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GreenMerc AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GreenMerc AB (NGM:GMERC B) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box no. 5074, Stockholm, SWE, 102 42

Website

https://www.greenmerc.com

GreenMerc AB is a fintech company with a state-of-the-art proprietary software platform that supports both digital assets and traditional fintech services. Its platform is designed to shape the future of traditional banking while enabling easy and secure cryptocurrency trading.

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