Kvix AB (NGM:KVIX) ROCE % : -230.30% (As of Mar. 2024)

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What is Kvix 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. Kvix AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -230.30%.

Kvix AB ROCE % Historical Data

The historical data trend for Kvix 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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Kvix AB ROCE % Chart

Kvix AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-77.40

-112.18

-125.77

-523.59

Kvix AB Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										-276.36	-128.91	-87.96	-882.36	-230.30

Kvix AB ROCE % Calculation

Kvix 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 )
	=	-15.362	/	( ( (11.65 - 6.934)	+	(2.508 - 1.356) )	/ 2 )
	=	-15.362	/	( (4.716	+	1.152)	/ 2 )
	=	-15.362	/	2.934
	=	-523.59 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-2.06	/	( ( (2.508 - 1.356)	+	(2.268 - 1.631) )	/ 2 )
	=	-2.06	/	( ( 1.152	+	0.637 )	/ 2 )
	=	-2.06	/	0.8945
	=	-230.30 %

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

Kvix AB (NGM:KVIX) 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.

Kvix AB ROCE % Related Terms

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Kvix AB (NGM:KVIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kvix AB (NGM:KVIX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fredsgatan 17, Umea, SWE, 903 47

Website

https://www.kvix.se

Kvix AB is engaged in providing a platform for well-being through exercise - from yoga to strength training, breathing and mindfulness. It assists in finding balance in live workouts with others and monitoring the training journey. It also allows to interact with instructors and get live feedback if the users choose to share their camera image.

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