Grangex AB (NGM:GRANGX) ROCE % : -0.82% (As of Dec. 2023)

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What is Grangex 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. Grangex AB's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.82%.

Grangex AB ROCE % Historical Data

The historical data trend for Grangex 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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Grangex AB ROCE % Chart

Grangex AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.84

-8.90

-10.16

-7.78

Grangex AB Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.73	-0.04	-8.23	-7.17	-0.82

Grangex AB ROCE % Calculation

Grangex 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 )
	=	-13.552	/	( ( (148.266 - 14.699)	+	(261.201 - 46.333) )	/ 2 )
	=	-13.552	/	( (133.567	+	214.868)	/ 2 )
	=	-13.552	/	174.2175
	=	-7.78 %

Grangex AB's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.796	/	( ( (244.631 - 23.609)	+	(261.201 - 46.333) )	/ 2 )
	=	-1.796	/	( ( 221.022	+	214.868 )	/ 2 )
	=	-1.796	/	217.945
	=	-0.82 %

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

Grangex AB (NGM:GRANGX) 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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Grangex AB (NGM:GRANGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grangex AB (NGM:GRANGX) » Definitions » ROCE %

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Address

Sandhamnsgatan 48A, Stockholm, SWE, 115 60

Website

https://www.grangesbergexploration.se

Grangex AB is a European mineral development company that develops and engages in the responsible extraction and recycling of minerals that contribute to society and climate. Its operations include Grangex Dannemora: Grangex Apatite: and Sala Bly.

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