Sustainable Energy Solutions Sweden Holding AB (NGM:SENS) ROCE % : -73.29% (As of Mar. 2024)

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What is Sustainable Energy Solutions Sweden Holding 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. Sustainable Energy Solutions Sweden Holding AB's annualized ROCE % for the quarter that ended in Mar. 2024 was -73.29%.

Sustainable Energy Solutions Sweden Holding AB ROCE % Historical Data

The historical data trend for Sustainable Energy Solutions Sweden Holding 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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Sustainable Energy Solutions Sweden Holding AB ROCE % Chart

Sustainable Energy Solutions Sweden Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-446.59

-43.24

-17.99

Sustainable Energy Solutions Sweden Holding AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-45.54	-7.01	-13.33	-1.26	-73.29

Sustainable Energy Solutions Sweden Holding AB ROCE % Calculation

Sustainable Energy Solutions Sweden Holding 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 )
	=	-8.228	/	( ( (76.537 - 24.113)	+	(67.934 - 28.9) )	/ 2 )
	=	-8.228	/	( (52.424	+	39.034)	/ 2 )
	=	-8.228	/	45.729
	=	-17.99 %

Sustainable Energy Solutions Sweden Holding 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 )
	=	-24.984	/	( ( (67.934 - 28.9)	+	(60.011 - 30.868) )	/ 2 )
	=	-24.984	/	( ( 39.034	+	29.143 )	/ 2 )
	=	-24.984	/	34.0885
	=	-73.29 %

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

Sustainable Energy Solutions Sweden Holding AB (NGM:SENS) 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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Sustainable Energy Solutions Sweden Holding AB (NGM:SENS) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Cardellgatan 1, Stockholm, SWE, 114 36

Website

https://www.sens.se

Sustainable Energy Solutions Sweden Holding AB develops energy systems for resource-efficient energy usage for industries, property owners, energy producers and municipalities. The firm's customers increase their profitability and reduce their climate impact with the help of its innovative comprehensive solutions. It offers energy storage in borehole storage, hydropower, regulation and production as well as energy-efficient distribution and recovery of energy. The company's solutions enable the transition to a fossil-free and CO2-neutral energy supply both locally and nationally, in the Nordic region as well as other parts of the world.